@Michael Dunn@Aaron WyssmannInsured means you can obtain a non-rehab FHA loan on it as it stands with no repairs.Insured escrow means there are some minor repairs to be made but you can obtain a non-rehab FHA loan provided repair money is set in escrow for the amount specified.Furthermore, HomePath properties do not make this distinction of insured vs. uninsured.

There are distinct carve-outs that allow you to place and hold property in a land trust without triggering the due on sale clause.

What do you think made your letters distinctive?

The distinction between active and passive isn't something I'd considered.

Much of the information universal, but some of it has a distinct U.S.A. bias, particularly when it comes to finance, regulatory and taxation ... things are different here in Canada.  

@Katherine Earle  there you go you answered your own questions... you go there over see it protect your cash and hopefully you find the market fruitful.last little tid bit that most of us West coast investors learn the hard way.ARV and what a property will actually sell for to a home owner are two very distinct things.west coast properties sell within 1 to 2% of list or over list.properties in the mid west will have ARVs but offers will always come in at 10 to 20% under what your ask is and it can take a loooong time to get them sold and closed.. so be patient and be realistic.. make sure you can make a profit at 10% under ARV

We then focused our search on particular neighborhoods.Denton and Plano are distinctly different markets.

@Douglas Skipworth An important distinction.  

I apparently mentally discounted it as "pfft, this might as well not exist as distinct from vanilla Fannie," but if there's some niche where FNMA HR > FHLMC HP, I'd be curious to know what I've been overlooking. 

Underwriters are humans that evaluate risk for a living, and recognize that huge distinction.