So this reason two distinct agreements

That's a big distinction you need to realize in how you do things.To wholesale, you have to talk to the seller and get them to sign an agreement that says they will sell to you and it's okay for you to find a buyer to assign the contract to.

I don't believe I have a distinct competitive advantage (yet) but agree that the risks/effort matrices are different between the two investment options.

There is no legal distinction that makes a short-term rental any more of a “business” than a long-term rental.

These concurrent ownerships are similar, but have distinctions with significant effects of inheritance.A tenancy in common occurs when two or more parties jointly hold an interest in property.

That is, if you have a doohicky that didn't get put on the list and you remember that there was a doohicky but on your walk through when the tenant's lease is up the doohicky isn't there that you think you distinctly remember was there, you are wrong.

Legally, there is still protection from getting an LLC so long as the entity is treated distinctly according to the law. 

Mold has a distinctive smell.

Condos, townhomes, and single-family homes each have distinct rental characteristics.Because metro data averages encompass varied property types, the resulting data has little relevance to any specific property segment within the average.

That is distinct from whether real estate itself increases more than inflation.