"Some" notes are exempt from security registration which those families are as follows: Delivered in consumer financingSecured by a home mortgageSecured by a lien on a small businessEvidencing a ‘character’ loan to a bank customerSecured by an assignment of accounts receivableFormalizing an open-account debt incurred in the ordinary course of business.So we see that when a note is secured by a home mortgage it realizes an exemption from the securities definition.

@Sean Mongatane one of my companies is Named Arkad Group LLC, after a character in the Richest Man In Babylon.

@Jamie Wooley - This is a good question that has been posed quite often with various pros and cons and I am sure there will be more as we get closer to tax time.However, I found the below blog which sums it up nicely.https://www.biggerpockets.com/blogs/5070/blog_post...Actually a few days ago @Nancy Neville outlined a list of attributes in the use of Quickbooks for Landlords that you can review at the link below.https://www.biggerpockets.com/forums/517/topics/24...

Being satisfied I usually something governed by ones character.

Also the cracks and the old holes from where there was carpet nailing strips give it a lot of character. 

While there are certainly some unscrupulous characters in real estate (just like in any profession), It's probably far less common than you think, and you can't just assume the listing agent is being dishonest. 

Also with all that can happen after the property is sold that is entirely outside of the control of the wholesaler; such as poor management of repairs, poor design choices, or lackluster marketing, listing options, or simply disastrous luck not everything can be attributed solely to the buy source. 

@Michael Nyszczot This is why it's unusual for newbies to last more than about two weeks doing this.If persistence is not in your vocaulary (or character) then find another niche or at least another way to your prospects.

I have always been fond of architecture and character of buildings and homes of every culture and time period. 

Would any of you suggest that maybe that's a bit out of character and disrespectful?