I always get my synonyms mixed up. 

You are conflating possession with ownership, and they are not synonymous and do not confer the same rights or benefits.

They're still valid, but I've made adjustments to the system since I wrote them.Understanding how money works is a 3 part process:Part 1 is understanding the 2 Golden Rules.Part 2 is understanding the difference between what many would consider to be "synonyms", but I would label them as "antonyms". 

There are some who refer to Private Money as individuals lending vs. a company lending, or Private being shorter term than hard money or more points than the other, etc. but in fact they are synonyms.

Ahh I knew that there had to be a distinction because I know you have to pay the money back in mortgage forbearance but I wasn’t sure if was synonymous with payment forgiveness.

All cash isn't synonymous with quick close,  no inspection, no appraisal contingency.

Lots of people think being successful at one is being synonymous with doing so at others.

They are all different, particularly in the last 30 years.Recessions and real estate crash are not synonymous but economic conditions will definitely impact the RE market.What should we be looking for? 

At first your use of the word "broker" confused me, then I saw that you were in Illinois where I've read that "broker" is synonymous with "person in real estate, regardless of capacity, license, or education." :)FHA does not require that the seller pay for the second appraisal, it only prohibits the buyer from paying for it.Who can pay for the FHA 2nd appraisal:- On my deals, if I didn't catch that it was a flip, I pay for it.

Prices are slowly starting to go down, but you have to understand that real estate here is a synonym for savings protection, so that changes the behavior of the market.