I also got involved with a builder in Florida who has yet to produce the first of three houses they're contracted to build, which was a major hit to my available funds as well, setting me further behind.I also figured if I fell a little behind in saving (18 months instead of 12 months for example), I'd still be making progress.

I'm doing more research because I do not understand how the SEC or Licensing bureaus are also not involved.

My goal is to understand the current demand and rental potential for ADUs in this part of the city, as well as the costs involved in building.

Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.  

It would be a direct sale with no brokers involved. 

I have never heard of any NAR agreement for agents to be involved with notes, that is far from the truth.

Might be a little bit confused here, but from what it sounds like you were involved in purchasing the property, renovating it and then selling it?

Although the cleaner is probably the most important piece to the puzzle for your STR success, there is alot more involved with managing it.

At first I looked at this as possibly just a failed investment where millions of unaccredited investors lost money (still very bad for everyone involved), but after learning about the involvement of Ronald Fossum that has a convicted history of defrauding investors and the fact that Norada is still raising money from investors, my mind now goes immediately to possible Ponzi Scheme paying past investors current funds being raised.

Out of state investing involves too many moving parts.