Thanks @Brandon Turner Happy to be on board & excited to learn REI

Major metros and the hotel lobby are very against them (I can hear arguments on both sides) but if it's what people want to do, they will end up doing it anyway and eventually the cities will get on board and/or landlords will find ways to comply with the newer, stricter regulations.

If you are finding quality deals then it's an easy sell to get a private money lender on board if they have any knowledge of real estate.

Take Lorens advice and contact ETC initially to make sure that you they are on board with the idea before you spend much time with paperwork. 

If you're going to be driving the car and your investors are passengers with no control then you're selling securities; period.Don covered the salient points above and hopefully scared you sufficiently to seek the counsel of a securities attorney instead of relying on advice from people on message boards.  

Make sure your wife is on board with the idea.

Hey @Brian Doble welcome, glad to have you on board!

The collateral will barely cover the realty fees and taxes.Is your borrower on board with your short sale plan?

She'll either get on board or she won't.

It's going to be hard to buy with no income, but there are other ways around it if your parents are on board.