@Mauricio Rauld Thank you !
the issue with the security things is that so many of these deals are so
small IE 4 dudes or dudettes going together to buy a 100k rental.. who
is going to spend the money setting that up as a PPM..
Exactly, Which is what I find so frustrating. It seems like you have two options. Ignore many possible deals that make total sense to al parties, or take the risk of technically breaking the law and getting caught.
Sometimes it seems that if your brother loans you a quarter to put in a parking meter it could technically be defined as a security.