This was the big leagues where an SEC attorney was crucial for building our investment opportunity and with this investment, we(the big fish) left our pond, already too small, and entered much larger waters.Our little Valkere team was growing as well.

Is it a fishing tool from sellers?

Do you like to Hunt - Fish. 

Were will Californians go .. they will go were they always go and that is Orygun.Water here goes first to the fish then ag then peeps.

Yes Steve, you're fishing, but it's a big lake, I assure you there are note-fish in there.If you want non-performing you might look at foreclosure notices.Yes, the status of the loan is discovered in your contact with the note holder and your due diligence. :)

Maybe I'm too much of a small fish for this jerk, but at least be professional enough to communicate.

Finding homes for sale/rent groups are like finding fish in a barrell. 

Or is this more about broadening the market for notes to mutual fund investors ?

You have definitely come to the right place to broaden your knowledge on investing in real estate. 

Here was the situation...I graduated high school and started working at a Hunting and Fishing Store.