HI Kristen,I've used a lot of commercial LOC's to fund deals similar to what you're doing.Typically a commercial or local portfolio lender will be looking for:- 1.25% DCR or debt coverage ratio or DSCR - debt service coverage ratio- up to 70-80% LTV max depending on local credit union or small lender (usually 1-10 branches or less is the type of profile of lender who will do this)- rates around 4.75 - 5.75% varies from lender to lender- usually charges 1 pt for origination + standard closing/title/recording/etc (for commercial / portfolio note)The distinction is probably going to be whether you want a residential type product on your property to obtain a LOC on or whether you'll want to use the above commercial/portfolio LOC.The benefits of a residential LOC is that it can often times be obtained with the best rates (mid 4's to low 5's) on non owner occupied/investment properties and does not have to meet DCR requirements like a commercial loan has to (above).

Apart from building my distinct brand, I am currently, looking at several systems i.e.

And what % of the property has to be 1031 exchanged to defer all tax.There is a distinct probability that you can make this sale happen and pay $0 in tax. 

whoops..thanks for making that distinction susan

They were at one point in time more distinct markets than they are now, but as both cities have grown they have (in my opinion as an outsider) become more of one large market with each having slightly different clientele in each.

Hi, a CFD, Laese/Option and Seller Financing with a DOT are three distinctly different animals.

@Jon S.While some school districts and other taxing authorities do their own collections, each county has an Appraisal Distinct which sets the property valuations.  

Is there a document somewhere out there that clearly explains the requirements and distinctions between Classes A, B, C, and F? 

There's always a few that don't and chance it starting when the weather gets cold, but I distinctly remember my first rental place when I was 18 not having a place to plug in my old car - never again would I want to repeat that winter.

There is also a distinction between active and passive losses which affects their deductibilityDon't have the book you are reading, but is my understanding at odds with the book?