Making individual deposits of <$10k, to be below the threshold, or doing anything else to avoid that form being filled out and turned over to law enforcement, is a distinct crime of it's own, too.

I am in a similar predicament and some I know are suggesting that I need 3 different LLCs to transfer to for 3 distinct rental propertiesOriginally posted by @Curtis Prince:Originally posted by @Tyler Mulcahy:@Curtis PrinceDo you have them under your personal name?

I agree, many people lending their own money call themselves private lenders, because it sounds better, but are charging hard money rates.The distinction is very blurry, especially at the local level.

Even if it's not a legal term it works fine as a distinction of something between STR and traditional true LTR in practice.I'm not sure why you think there's something you have to be "missing" here or what sounds "too good to be true". 

Well, there is a big difference in having an escape clause and believing that purchase agreements are generally non binding on a buyer......my distinction was to make sure You knew the difference, which you do.  

I lived in 3 different neighborhoods, purchasing my first investment property in one and now permanently residing in another on the other side of town.Like others have mentioned (and in my own opinion), SLC and Provo will feel distinctly different and be unique in their own ways.

They're similar concepts with one main distinction: in a Wrap the deed transfers to the seller and in CFD the deed stays in your name.

But here’s a clear distinction: your goals need plans.

As Russell said, the distinctions vary and can be quite restrictive, which most ADUs only being allowed to owner occupants, meaning you can live in the ADU and rent on the house or vice versa, but technically it’s not allowed once you’ve moved out, though I’m not sure how this is actually enforced.There’s also quite a bit of confusion in DC on the distinction between ADUs and creating a separate legal rental through a 2 unit or more flat conversion, even at DCRA, which looks similar to creating an ADU but is a distinct process that yields multiple separately metered and legal rental units, with no owner occupancy requirements. 

Three very different distinct things happening here, all important to understand especially because there will be negative cash flow until you reach break-even occupancy.