.• The issuer had at the end of its most recent semi-annual fiscal period prior to the first offer of any part of the issue, at least 80 percent of its assets and those of its subsidiaries on a consolidated basis located within that state.• The issuer intends to use and uses at least 80 percent of the net proceeds from sales made pursuant to the rule in connection with the operation of a business or of real property, the purchase of real property located in, or the rendering of services within such state.• The principal office of the issuer is located within such state.• No part of the issue may be offered or sold to non-residents for a period of nine months from the date of the last sale of an issue under the rule (For purposes of determining the residence of offerees and purchasers: (1) A corporation, partnership, trust or other form of business organization shall be deemed to be a resident of a state or territory if, at the time of the offer and sale to it, it has its principal office within such state or territory. (2) An individual shall be deemed to be a resident of a state or territory if such individual has, at the time of the offer and sale to him, his principal residence in the state or territory. (3) A corporation, partnership, trust or other form of business organization which is organized for the specific purpose of acquiring part of an issue offered pursuant to this rule shall be deemed not to be a resident of a state or territory unless all of the beneficial owners of such organization are residents of such state or territory.).• During that nine month period, all resales of any part of the issue, by any person, shall be made only to persons resident within the state.• The issuer shall, in connection with any securities sold by it pursuant to the rule: (i) Place a legend on the certificate or other document evidencing the security stating that the securities have not been registered under the Act and setting forth the limitations on resale contained in the rule; (ii) Issue stop transfer instructions to the issuer’s transfer agent, if any, with respect to the securities, or, if the issuer transfers its own securities make a notation in the appropriate records of the issuer; and (iii) Obtain a written representation from each purchaser as to his residence.• The issuer shall, in connection with any offers, offers to sell, offers for sale or sales by it pursuant to this rule, disclose, in writing, the limitations on resale contained in the rule.

The son was a biker and the first month he was run down by a semi-truck on the highway a mile away.

Based on my little experience, little personal funding for investment, and a semi-busy lifestyle, does anyone have any advice regarding how I can best get involved in real estate?

As the saying goes: "time is money".As an investor oriented agent, you very quickly get to be at least a semi-expert in underwriting investments.

The location is on a semi-main road; however, properties around this one on the same road have sold upwards of 170k+.

Though, if you're in a rural or semi-rural area, go talk to the local bankers.

I do multifamily and triple net everyday as a broker and an investor.You have to search for yield in other areas or a semi-performing property or vacant property where you can create the cap you want.You mentioned passive and high returns.

We had to have 6 months PITI in the bank, either liquid or semi-liquid (stocks/retirement accounts)  reserves.

How are my fellow semi-newbies faring with finding decent deals with these limitations?

So to that end we as always need to talk state specific so we give semi accurate advice to our brethren on BPI was just in Orlando and Justin STemper took me to this  ( him of Zombie house fame) AWESOME oyster bar.. its was the best..