That will only get you, as the Seller, in trouble.There are three seperate, and very distinct documents used when you do a LO. 

The main distinction is MLS listings are considered "on market" - meaning the seller is represented by an agent. 

I believe "contract for deed" is another term for this, but there may be some distinctions which make them differ.Seller financing otherwise will typically look like a conventional mortgage (not necessarily in the numbers, but in form).

For us, it simply isn't even taken into consideration if you're in Columbus or Cambodia (provided they have the citizenship/requirements to access the US banking system), it just matters if you are able to qualify credit and income-wise.YUP I made that distinction.. portfolio local commercial banks generally will not lend to out of market clients..

Trying to address the needs of a group of individuals located in different states, with varying skill-sets, diverse levels of experience, and distinct (and often unstated) goals and objectives is a recipe for confusion, frustration and stagnation.Rather than combining your interests into a single business entity, I would urge you each to create your own individual entities and then come together, as needed, to take down deals that specifically require collaboration.At very least, I would suggest that, before spending even one minute on legal documents, you all come together as a weekly MasterMind group for a month or two and see how that goes.

I'm specifically looking for distinct advantages, attributes, or points that would help convince more service members to get started. 

@Kelly DeWinter you make a good point in the distinction and how they are very different methods of investing.

If you can know what draws the distinction, you may have an advantage relative to your competitors.

It should be a distinct life-style changer...i.e., syndication.

For some reason, the insurance company won't write this as one policy but distinct ones with higher aggregate premiums when the exposure is the same.Any thoughts on how best to structure the insurance coverage?