I would not engage this tenant anymore as it sounds like you have done all you can correctly but talking with them further might give ammo against you.

*Still not going to engage the troll who doesn't know what he's talking about! 

Once they’ve accumulated as sufficient basic knowledge and understanding, they should engage the services of a professional with a verifiable track record to build a portfolio of notes either individually, or through a note fund.

Be sure to be as active and engaging as you can.

Hello @Anthony R. and welcome to BiggerpocketsReal estate is  a great way to that independence and education is the best way to start.You'll learn a lot on rehabs, property mgmt, acquisitions etc so  just remain active and engage the communityAll the best

With a HH, you can learn how to analyze properties & markets, how to find an investor-friendly agent, how to spot value-add opportunities at properties, how to engage in a strong due diligence process, how to screen tenants, how to manage the property, how to build a network of contractors, plumbers, electricians and other pros, how to manage the book keeping of the property, etc., etc., etc.

A dependable tenant is someone whoHas stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsOnce you select a tenant pool segment, find out where and what they rent today.

If you continue engaging with the great people on here, and attend some local meetups you will surely find the people who you wan't to surround yourself with to help you excel and achieve those real estate goals!

Therefore, a person or company that issues a promissory note to a third-party investor may be engaged in the offer and sale of securities.

Glad you engaged with the great community here at BP and glad we were able to get connected!