To be clear, the distinction comes down to this: (1) you don't need to have an government exemption if you're simply flying for a hobby, (2) if you're flying to make money, then you need the exemption.Part 107 will be in effect soon.

Like buying a property in depreciated Turkish Liras for much less than you would in the US and rent it short-term in USD for much more that you'd rent it for in the US.

@Paul Shannon - That is a pretty broad area, the cities you mentioned are really chunked up into a few distinct units. 1) Panhandle/High Plains - Lubbock (south end), Amarillo (north end) are the two main markets - agriculture and higher education based; Lubbock is on FIRE due to Tech growing rapidly.

Also agree w/Greg's comment re social justice warriors/potential litigants with nothing else to do.Discrimination is making unjustified distinctions between people based on groups or other categories to which they belong/are perceived to belong.

My take (this was in Q1-2018) was they were essentially the same as a SDIRA, except had a couple of distinct advantages. 

If so there may be a way to leverage that distinction to your benefit.

We are a PM, I do think there is a distinction between mom and pop/self managed and PM's with dozens of properties.1.

Perhaps there is another reason for the distinction........perhaps it none of my business which needs to be the focus of my attention.  

I'm self employed, but last year my duplexes took priority and earned me the distinction of meeting the IRS definition of a real estate professional.

An asset is appreciated to 185k  DSCR Loans should be a good option for you - while guidelines and offerings sometimes mirror conventional/fannie/freddie, most DSCR lenders have move toward having no distinction in pricing and eligibility for condo investment properties warrantable vs. non-warrantable