If you own the note/trust deed, you do not need to have a securities license to assign the note to another party as long as you do not fractionalize the note (keep a portion of the monthly proceeds), make a public offering to sell the note (has to be a client), and you cannot guarantee performance.   

Instead ever fraction of a penny from your real estate investments should be funneled back into your investments so that you can achieve your goals that much quicker.

They will pay you some fraction of one percent in interest, like 0.02%, and they will call this loan a "savings account."

In places like the Bay Area that can be a large fraction of the value.

At any rate, the note was purchased at a fraction of face value (maybe 10 or 15% if I remember correctly) and the note buyer was able to work out a payment plan with the borrower that gave him a 25+ year sizeable positive cash flow.The example I heard sounded almost like long-term rental property ownership except the cash flow is coming from the note rather than from the property (hence no property management and tenant hassles). 

The highest I've seen come across my desk is some of our Belize vacation rentals that show over the last 2-3 years 10% ROI on 150k fractions.

A few years later, we re-purposed a large walk-in closet to a master bathroom and went a little crazy (close to$14k), but adding a 3rd bathroom (and making a house w/out a master complete with one) paid dividends in value (and my marriage:) We went into purposely and for the "value add" component.Finance:  At the time my wife and I were only approved for a fraction of what we could afford due to renting out our home (with a large mortgage).  

It's for fractional ownership though.

The advisory committee was set up to help implement the law.Here are the highlights:80 to 85 licenses have been issued so far, a mere fraction of what are likely thousands of listings200 or so compliance letters have been sent to hosts2 inspectors will be dedicated to Airbnb compliance (though what exactly "dedicated" means is unclear)a Short Term Rental Coordinator position has been created in the excise and licenses divisionI am very interested to see how compliance with this law pans out.

Most of the stuff you can do on your own through legal zoom or something similar for a fraction of the cost.