Look at your syndicate companies.

I would list natural and inexpensive methods of "curing cancer" that of course don't make money for the doctor and pharmaceutical companies, so they are not utilized.

@James HamlingVery well stated! 

I know he lives in Hawaii now which I'm sure is a whole lot more expensive than Washington state. 

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name. 

It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).

It is nice of the state to mandate that flippers do this.  

Aside from being licensed in all 3 states what else should I look for in a good quality agent? 

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

Talk to the pest control company and let them know.