I like to draw distinction to yield as cash flow opposed to [total] return.

Thank you for posting this distinction of hands on investor involvement.

IMO, the best way to approach investors and lenders is appraoching those who fall in two categories:Those with money who have already made real estate loand; andThose with money who have never made a real estate loan.Yes, they have something in common, but these are two distinct groups, the cheapest money will come from the novice.

Just reading one of my insurance journals and read this tidbit of FYI: "An industry group says Texas homeowners no longer are paying the highest insurance rates in the country, a distinction that now goes to Florida residents.

These " get around the commission" schemes seem to take place in two kinds of distinctly different markets.

As resort and vacation communities have their own distinct markets and are separate from the norm.

The relationship must be of a permanent and distinct character, cooking as a single housekeeping unit with a demonstrable and recognizable bond characteristic of a cohesive unit. 2.

There is a major distinction.

that is a big distinction  and if he is.. then yes I would think you would need some disclosures..

The benefits of these assets are derived from four distinct components:C= Cash Return  (you may see this called Cash-on-Cash return)A= Appreciation (in linear real estate markets there is slow steady growth of asset value)P=Principal paydown (tenants rent checks pay down the mortgage monthly)T= Tax Benefits  (if your syndicator uses a cost seg study and an accelerated depreciation schedule your returns may be completely offset by K-1 depreciation you will receive for the first 7-8 years...tax free money)Every commercial MF asset is different.