If you are couped up in a city environment on lockdown, and see others on social media spending their lockdown in spacious backyards, private swimming pools, etc., that would have to affect your mindset.

A deed is a legal instrument to transfer ownership.

I have a hard time understanding the abbreviations on the assessors page. when I go to  sale history and got to sell instrument some abbreviations I don't understand like CVD, CD,CJ,OTH can some one help ?

However a lot has changed in the ensuing decades and now mortgage backed securities are complex financial instruments and banks hanging onto loans seems to be something from bygone days.Nothing I said here should be construed as legal advice (I am not an attorney) or an OK to do this, it was just something I wanted to share for people to consider when deciding how to treat their business dealings.

Because BiggerPockets has been instrumental in helping us reach this stepping stone, I wanted to give back through knowledge share.

Security instruments would not qualify as replacement.

It has the ability to appreciate in value.Notes are a debt instrument (backed by a hard asset).

All of these things need to be in place, as well as the guiding instrument - a business plan.Without all of these: knowledge, networks and a focused business plan it's impossible to be successful.

I'm planning to refinance after I get this project done, I've owned the property a 1.5 years, and I think with our crazy market, the gained equity should re-coup everything I'm investing in the rehab.I've never rehabbed before, and I'm getting bids between 20-30K for general contractors. 

awesome and congrats on becoming Agent i believe obtaining a real estate license is very essential instrument in the investing world. a year ago i took real estate exam LA. now i am a real estate agent/investor. likewise i have the same goals my objective build a real estate empire. quick question if you don't mind why Arizona?