As an example, retail that sells physical books, music or videogame media except in very niche scenarios will have a hard time competing with the web.

Hey Leonard -- The infrastructure includes a solid attorney, versed in notes and the security instruments backing them.

Securities are defined by the Securities Act of 1933http://www.sec.gov/about/laws/sa33.pdfThe definition is:The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoingSo, are loans securities?

If you used conventional financing you can move as often as you want.155.1 4.B.2.b FHA Requirement for Establishing Owner OccupancyFHA security instruments require a borrower to establish bona fide occupancy in a home as the borrower's principal residence within 60 days of signing the security instrument, with continued occupancy for at least one year.https://www.hud.gov/sites/documents/4155-1_4_SECB....Also, in regards to job an FHAPolicy Exception Eligibility Requirements Relocation A borrower may be eligible to obtain another FHA-insured mortgage without being required to sell an existing property covered by an FHA-insured mortgage if the borrower is  relocating, and  establishing residency in an area outside reasonable commuting distance from his/her current principal residence.

I have no interest in being highly leveraged with no equity to backstop me if and when the music stops.Take care!

If the music is too loud and there is a complaint, they send a letter to you and the tenant...just to name a few.  

It's a form of debt, so I kind of view  the move of paying down the mortgage with a HELOC as essentially refinancing at a lower rate, but with a different debt instrument.

I'm looking into buying a piece of land on which to build a multi-use music/video studio-type building (likely modular).I'm having trouble deciding if the price is right and am looking for some guidance. 

When I spoke with the seller he advised to take a look at the property and please make him an offer to get rid of this "headache" so that was music to my ears.

Everyone needs second chances, by you helping out you were instrumental in bringing the sparkle back in the eyes this 64-year young investor.