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

I've been passively looking at commerical opportunities on cape cod but this market is extremely challenging with an much regulation, historic preservation, flood zoning and septic issues. 

I believe it's not a matter of if this will happen but when.That said, there are many areas in Detroit that are going to require serious investment, likely from the corporate or government side of things.

The rules and regulations for wholesaling are not usually posted anywhere. 

I'd recommend contacting the GIS specialist for the local government.

That's a statistic from the SM government.

And in the country they don’t have much written or regulated so I wanted to get myself educated on what would be the required steps to follows as I’m a newbie to d industry and then start the investigation locally.Hope this clarifies what I have in mind.Thanks in advance! 

@Warren, Destin has done a solid job with their recent regulations.

When it comes to comply with DF act, each state has their own rules and regulations.

Banks are regulated by the government, while owners are not regulated.