I'm hoping that this is the right area to post a new member introduction.

@Kevin Coleman - I'm a new note investor as well and I found Paper Profits by Joshua Andrews to be a good introduction to note investing.

@Mitchell Luban at the end of the paragraph you said "Good agents also aren't stupid they realize investors work with multiple agents at times even within the same city".

@Corby GoadeI’d like an introduction to meet these potential mentors

For purposes of this paragraph , the term"real property trade or business" means any real property development,redevelopment, construction, reconstruction, acquisition, conversion, rental,operation, management, leasing, or brokerage trade or business."

Because the agent didn't set you down and walk through policy paragraph by paragraph?  

Therefore, when the introduction of third parties comes into play, the argument becomes mute on either side.5.

There are other implications too such as growth of these funds and opportunity cost but that could be multiple paragraphs long but short to say it depends on your risk reward preferences. 27,500 401k loan and  7500 gift/title loan/savings/etcLets go back to why you have to pay down the loan is it a value issue based on maximum loan to value the bank is willing to lend you or is it an income issue?

Here is link from an accounting firm client advisory (see second paragraph under the title "Issue"): https://cohnreznick.com/california-llcs-and-corpor...To say the very least, I think this law is ridiculous (if I am right) and confusing. 

See http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/ .