@Steven Bolin It doesn't matter what information you have if you don't take Action!

I think a wiser course of action would be wait a few months (I'm currently saving 1500/mo, find an agent or partner,  buy something smaller, turnkey and go with conventional financing.

Also, build up your profile here on bigger pockets to include a company name, phone number, email address, website and call to action.    

And of course, if you get no action on the house at a price you think is worth it, you can always pull it off and re-evaluate.

There is some gray area about some of the no action letters from a decade or so ago and many companies are more aggressive with what they show in their OFFER (not sale) of securities to non-accredited investors.  

As Rick states this is pretty complicated type actions with much case law way back in the day that is available to research.

This particular question, nor these particular deal types are actually in my plan of action when it comes to my investements.

"Effective July 21, 2011, the Real Estate Settlement Procedures Act (RESPA) will be administered and enforced by the Consumer Financial Protection Bureau (CFPB)"

I have heard a lot about this site from my local REIA here in Tacoma, WA and thought I'd take action and see what's in store.

This ends up costing the end consumer (a highly protected class with regards to the CFPB - consumer finance protection bureau) more in the end.