Since I am not a lawyer and genuinely ignorant of the specific statutes in Colorado (and in other states for that matter) I came to this forum to get broader understanding of what would be against the law and what wouldn't.Yet as I stated in my original post talking to a real estate attorney and eventually getting a license is still a plan.Prior to getting the latter I would like to understand in what capacity I can legally help my friend.

The gist of the broader story related to potential positives and negatives of such growth and I was curious to hear what BP members have experienced in their own communities that have undergone rapid growth.  

Such vehicles would allow you to rollover your funds tax-free into an IRA - but with a broader range of investment choices beyond just managed funds and conventional stocks, etc.A self-directed IRA can invest in Bitcoin and real estate, as examples.The key to understand is that this is purely a diversification of your tax-sheltered retirement savings. 

@Brian Burke, It sounds like you're the best example of someone who's successes on BP lead to reaching a much broader audience, especially with publishing your book.

It seems that you can much more efficiently get a broader scope through purchasing a list, though even through the filtering process you are likely reaching a lot of unmotivated sellers. 

Especially if you and your husband are going to apply a broader understanding of socio-economic conditions to your real estate business.  

I start with the broader MF list and whittle it down with Total Assessed Value, Equity % (when available), etc.Hope that helps!

Note:  Layman calculations tend to use a Yield definition which is broader than what we use on a daily basis.  

So I think you can do both and if you find a killer deal in a small town, then yes you can wholesale it and make $, but if you want to do a lot more deals, and sell to a broader range of buyers, I would use the larger cities as your bread-n-butter wholesaling area.Hope this helps and good luck, Brett

For simplicity I should mention that I don't take into account CAP EX or PM fees when I am talking about the broader market.