Need to ensure that when we talk about funding that it can't be interpreted as soliciting the public.

@Kyle Bigger I'm glad I made that mistake here--where there are others to speak up and say there is more than one interpretation of the facts--and not in real life.Sorry @Nick Stango I didn't realize you knew these guys.A friend of mine was recently caught up by a real estate related scam and I have that a little too fresh in my mind...

If you don't already have one, develop a relationship with a good broker and get real comps and CMA's and learn how to interpret them.

Jay, I say this with a desire to educate, so please interpret it with that in mind...

My interpretation, as of now, is that it is a "pump up" book - helps get you in the right frame of mind and stay motivated to keep at it!

The inspection passed, but it was interesting - in conversation, the inspector mentioned that the RRIO standards are vague, open for interpretation, and keep updating as they discover some standards are more stringent than the code requirements would have been for some properties, depending on property age. 

:Am about to bid on a project larger than my capacity, If I'm interpreting this correctly it sounds like this project is a bit of a stretch for your current bandwidth, if not beyond the ability of your current organization.As an owner, and with my experience with GC's, if a project is larger than what they can handle I would hope there would be a professional courtesy to simply bow out and say you're not able to fulfill the requirements of the project and give it to another group who can do the job to the specs within the budget and allotted time. 

However, Reg D compliance actually protects the issuer as it is a safe harbor, the issuer utilizing a non safe harbor private placement exemption subjects his offering to interpretation by security regulatory agencies.All this is of little concern to the passive participant as long as he obtains full disclosureWhat is of more concern is the licensing, if any, needed to broker, manage, and service notes.Purchase of existing notes, whether residentential or commercial requires no license.

I'm guessing the owner didn't interpret "owner financing" to be "100% owner financing"......if so, I suspect he is dumping a problem.

Take a class or read a book specifically on how to interpret financial statements and relate them to your business.Hire a bookkeeper to do data entry.