A “security”, for SEC purposes, is an undertaking that pools investor funds with the expectation of profit (and such investors are not all active managers of the undertaking)b.Securities must be registered with the SEC [This a costly and time-consuming up-front process plus onerous ongoing reporting burden – Ed.] per the Securities Act of 1933 or the security may have an exemption from registrationc.Section 4(a)(2) of the Securities Act contains the “private placement” exemptions.

I planned on going back to NY tomorrow but maybe i'll stay around.

This would include ongoing tax planning meetings, the tax return, profitability analysis per property, helping you track rehab jobs, etc. 

Then you can take a position that this loan is funding your ongoing business.

I can't speak about it because it's ongoing, but I'll share a cautionary tale in a few months.

If you let them they will take advantage and expected ongoing inflated credits.

So I am planning on going for it

What would the ongoing costs associated with multiple title searches?

What you're asking for is free ongoing service (yes, it is service, because it takes our time) in exchange for one annual paid job.

Not only will I start selling real estate, but I plan on going into fix and flip properties to start off with then when I got it down try to hole on to a few properties.