As you, likely, already know, these two types of loans are different types of financial instruments with entirely different requirements.People typically wait until they have sold their current property before paying for the new home.

I have not seen cost of living calculations getting adjusted (although they should) but anybody using traditional instruments like FHA might have issues keeping enough room to afford the mortgage at increased interest rates

I see it often people take a dil not knowing their are liens and judgements.. now they just took title sub too those.. sometimes you simply have to foreclose out the instrument to clear title.. but shoot with all those who want to jump in the game with little to no experience you can imagine how many get fubared LOL..   

Financial instruments like notes are transferred between people.

As for financing docs, I typically use Fannie Mae instruments, https://www.fanniemae.com/multifamily/security-ins...I figure they get it right, everyone knows their forms, and they are specific to each state. 

But that is also a static, mechanical investment instrument.

If you do not take ownership of it and try and broker / wholesale it, a Note by the SEC is a security instrument and may be very similar to a stock, so in order to broker it you need to be licensedI do not know anyone who has ever had a complaint or been slapped by a financial regulator for this but if you talk to an attorney most will take the cautious route and say brokering without a license is a violation

That is when a tenant moves out because of a situation that you allow in the unit that makes it unsuitable. 

It is really instrumental in setting up new investors for success.Thanks,Ed

For #1, what investment instruments are you alluding to that isnt real estate?