However, in 1946, the WJ Howey case gave guidance on what a security actually is by establishing an easy to use test: 1.There is an investment of money.2.In a common enterprise (more than one investor).3.With the expectations of profits.4.Through the efforts of a promoter.

It is too early to give away control and 80% of the enterprise. 

If you've got a larger enterprise like @Patti Robertson, you need a CPA. 

Most investors side with free enterprise. 

Try Bellwether Enterprises. 

Enterprise, entrepreneurship, and creativity is where the rewards fall. 

I'd hope that you are about to invest your best full-time efforts into making this a successful enterprise, and that you expect to have the potential of reaping large returns from this investment of time and money.

After building a billion dollar real estate and tech enterprise I will probably take my resources and piggyback on the progress that others have already pioneered and troubleshooted.

Another reason we have the number of loans we are limited to as we begin to move into more of a commercial venture.The unit limitation is also an aspect of government not being in competition with enterprise, if the feds were financing commercial properties the commercial banks would have a very tough competitor.Commercial loans are funded differently than through the secondary bond market as 1-4 family residential properties are.

You are going to recommend your partner and tell the seller that you will have your Realtor call them.If you are really enterprising, you can offer to sell the leads back to the Realtor rather than give them to him!