Just for comparison, I talked to a used car dealer about this and he pays investors 12% on their money (1 point a month), secured by car title.

Asset Ventures LLC and Tony Martinez advertise themselves as a note dealer and servicer company, established with the intention of facilitating the purchase and sale of Notes for Investors.

Asset Ventures LLC and Tony Martinez advertise themselves as a note dealer and servicer company, established with the intention of facilitating the purchase and sale of Notes for Investors.

If you intended to sell it as a spec house, it doesn't matter if you sold if after 5 months or 5 years -- it's dealer inventory and subject to ordinary income taxes.

Some of those also have criminal drug laws that forbid individuals from selling illicit narcotics.  

It is typical, but my guess is that they want to be sure you have no "undesirable" criminal offenses; selling drugs, murder and the like, and also to be sure that you can afford the regular HOA fees.  

The last part of this project has drug its heals quite a bit.  

An investor's license, it could be coming to a state you live in or invest in as a dealer!

While driving down to the end of the street where I would potentially be living I drove passed two different residences with blatant drug activity going on.

I once pulled out a Blue Book appraisal to show a dealer what they should be offering me...