Landlording is a risky enterprise and you could well find yourself facing a significant period of vacancy, or costly tenant damages, or perhaps both.

Do you got capital to spare for the enterprise?

Some argue debt is not subject to the securities laws because it doesn't meet the "common enterprise" piece of The Howey Test for a security.  

We now have 50 units and I joined Bigger Pockets to keep learning and talking with others out there and try to learn more about how to grow our enterprise.   

Of all the "professions" and entrepreneurial enterprises, I'd guess more people inquire about real estate investment than anything else.By asking how many properties you own, they are sizing you up, and in my experience the follow up question is, "how do you do it?

When I was 16 a guy named Floyd McCarver hired me to work for his company Manumit Enterprises.

Very good guy and very enterprising, also owns property in SF and rents out a boat in Richmond.

One investor one loan is not a security... and that's what HML do  like me.Now if this person was trying to raise money through a group of little investor or chunks into a common enterprise then yesbut one lender to fund one deal were they take a note and deed of trust or mortgage as bene and the OP is the trustor or mortgagor  this does not require a security document.. you would grind lending to a halt and put all lenders out of business

Hi All, I'm Jhana, 31, and recently moved back to the Bay Area after 9 years in Colorado and a year developing a social enterprise in Nepal.

I picked up an old copy of Leigh Robinson's Landlording at the library and it gave me the confidence that I could manage the property and people in a buy and hold enterprise.