Second, the ownership of the relinquished property and the replacement property in the three (3) Private Letter Rulings involved two distinctly different taxpayers.

But to be successful and profitable, takes some distinct characteristics:1.

A formal business built on this seems overkill as you’re essentially paying someone for a service that already has standard model.If you and the parnter have distinct business tasks/abilities (i.e. not what you would hire an agent or contractor for), such as off-market lead generation, that’s a different discussion.

However, I typically like to make a distinction between my parents assets and my own, simply because doing so provides me more satisfaction when I succeed.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

If all things being equal, the largest distinction between brokers would be splits, given that the brokerage doesn't do any value-add.It sounds like what he's saying is, if you're lazy, you're lazy.

So, overall, I think these four areas are very distinct in the style of life they offer.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Currently you don’t have a distinct color palette or concept.

There is a distinct difference in the law between short term and long term rentals.