To simplify, any income generating property is commercial.

Note, my “end goal” started at about 10 pages but over time I simplified it to the following criteria that I believe every investment property should meet:Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future.Currently and likely to continue appreciating at or above the rate of inflation.

Let's simplify it (but the correct calculation is not as straightforward as below however, I am simplifying it just to illustrate the point):Marginal return of typical syndicator: 15% IRR x 70% = 10.5% IRR for the LPMike Ealy's project return: 40% IRR x 30% = 12% for my LPNot only does my investors benefit from the higher return, they are also protected from market downturns.

This simplifies book keeping, if its on the ___ card, it’s a write off vs. going through a monthly statement and highlighting what you remember or don’t etc.

It’s yet another reason guests will choose your home over other rental options.We’ve simplified our industry-low 10% management feeOur 10% management fee now covers all services provided by Evolve--no more 3% credit card processing fee.

I have a simplified analysis below. 

Clearly, these are extremely simplified calculations that assume a lot but we're hoping the overarching model is something that makes sense.

It would also simplify the operation of your real estate investment, reduce your operating costs, and provide a better layer of asset protection.You can, as you suggest, open another IRA for investing in conventional brokerage assets. 

If your bid is the winning bid, your note is payment for property ownership.This is an extremely simplified version, various strategies and tactics can be used depending on whether or not you want to own the property, want to be able to sue the borrower for any loss you incurr ( not possible with residential o/o property in California), or just want the highest bid regardless and don’t want to own the property.Don’t they teach this in California public schools?

It looks like he is greatly over simplifying three separate things.Nevada is a great state along with Montana for forming companies - That do business in Nevada or Montana!