Since you don't have any equivalent (AFAIK) that distinction may not exist.

Legally you are the same person (investor and licensed agent) so you can not operate two distinct entities.Being smooth on the phone is not enough.

There is a distinct difference between that and just owning properties for cash flow.

They are two completely distinct and separate categories.

There are only about 500 residential lots in South Atlanta so each renovation makes a difference.One of the distinctive characteristics of South Atlanta is the presence of an organization called Focused Community Strategies, a Christian ministry that has been working to improve the neighborhood for over 15 years.

It will be it's own distinct tax paying entity.And because it is now the tax payer for the property it will have to be the entity that sells and does the 1031. 

The distinction is that credit card debt does not have a secured interest in the property, whereas HELOC debt does. 

Occasionally they are capitalized into the loan, which is a different calculation.Thank you, Steve, for pointing out the distinction.

The distinction is defined by the Code.

As far as I know, in CA, there is no distinction between borrowers, when it comes to usury law. 10% is the limit, no matter who lends to whom (if none lic. lender and no broker involved).