Can you give us a brief re-cap, the Reader's Digest version?

Ernst & Young, 494 U.S. 56 (1990)Here is the Reader's Digest version:This test came from another decision that gave a list of notes that are not securities:1.

If it's overwhelming, you're probably trying to digest too much, too quickly.I would start by reading this:http://www.biggerpockets.com/real-estate-investingThat should give you a good overview of the various aspects of real estate investing, along with some basic details that can help you determine where you'd like to be focusing your investing.Once you have an area that you're interested in, start digging into the forums.

Though his written English is very good.I'm one of those, not so rare, Canadian anomalies who learned to speak both English and French growing up, but my formal education was in English, so my writing skill is very weak in French.Now, if I could only digest a portion of the information you share here regularly, I'd be beyond my private funding hurdle.BTW: Who's Ron ;-)

A lot to digest.

David, I'll digest everything you've written.

Bill Gulley Wow that is a lot to digest.

I recall that I'd get excited about topics that I was familiar with and youth can be ignored when they appoach a topic as if they know more, so don't get excited, listen instead of talking, think before you speak then make your comment and let others think they thought of it or allow them to digest what you say.

I was not aware of the UDFI tax.And thank you Chris Seveney for providing an overview of the note investing landscape.At the end of the day, its going to take some time foe me to digest all this and decide whether or not to invest in notes.

I have been reading around on the forums for a few weeks now, learning and digesting as much information as I can.