That distinction is important for one very important reason, the asset decisions are being made by the owners (or a direct family member) which eliminates a layer of defense for all these decisions.

@Donnie Maguire Just to be clear you have two separate and distinct issues. 1) getting your sister in law off the title (deed) 2) getting your sister in law off the mortgage. 

In Memphis, there were distinct differences depending on the area, and I'm curious to hear your insights on how Nashville compares.

And maybe it's not common/easy for everyone to adroitly make that distinction, and I'm more aware of that now.

It's the distinction between someone with a real estate business and someone who buys real estate.

If there is a blur in the distinction, that is, if it isn't clear that it's a option, it may be construed as an executory contract.

The syndicators model is to use distinct entities for every transaction so they do not necessarily have to disclose losing transactions.

They are two distinct skill sets.Property managers focus on customer experience, while asset managers are fiduciaries to the investors. 

So, a distinction that is not really being addressed here, though it has been mentioned several times:  Is this eQRP a good tool for people who have employees and also want a self-directed 401k? 

I am in San Diego, it is not hard to find properties with ADUs sold recently.The easiest way is replacement cost but not the most common - that's an important distinction.