If so, the SEC may regulate the offer and sale of those membership interests.An investment club may be an investment company under the Investment Company Act of 1940 (1940 Act).

I work remotely and would welcome the opportunity to meet experienced investors for coffee in downtown Raleigh to gain insights.      

This won't be an issue for the ceiling height, as these areas are allowed to be less than 7'-0" as previously noted in this thread.

If you're living in AA, we can have a coffee and discuss the potential investment opportunities. 

I never considered this could be an issue.

. :)I think of a messy question like showing up to a job interview with a coffee stain on your shirt (and not a new one).

However, being worried about finding a qualified tenant in the winter certainly wouldn't be an issue here... the demand for rentals is so high.

That can be an art form all by itself.

So in your example, if I’m trying to keep it but allow me time to save up for the eventual down payment, I could provide 1) an upfront down payment (a percentage) and then what would be an example of how the deal is structured for the time that I’m “leasing” the property?

New construction may be an option, many builders are offering rate buy downs and closing cost assistance and then you get quicker appreciation when they continue to build out the community.