I am not trying to be difficult, but there is a big distinction.

There is no distinction for a loan in collections vs not in collections.  

Also he's pretty honest when it comes to just consulting versus hardselling the need for him to file your taxes -- which is a key distinction to hone in on.So I think you said bonus points for someone local--- here you are :)Stephen L.

There is not a simple means of having making two distinct marketable properties but it can be done Based on the information provided there are three competing entities that will be involved in one way or another  Maryland, Montgomery County and the Village of Chevy Chase Employing the services of a land development firm, such as RS Thaler or others, would likely be essential to the success of your having two marketable lots in the end 

The other "fun" part about where I invest is that you do have distinct good vs. bad areas so $700-per-unit rent has different implications if that goes for one my 1-bedroom/1-bath units or (less than 2 miles away) a 2-bedroom/2-bath unit.  

Fundamental problem with the platform APIs is that there is no distinction between blackedout time vs booked time.

Not to get off topic in this thread, but I count about ten neighborhood classifications in my town that have clear distinctions, from the million dollar golf course homes to the 20K depressed areas. 4 categories isn't enough IMO to clearly identify the areas, much less the dwellings. :) 

The closing costs paid for is a nice help too.Talk with your CPA, if he/she is RE savvy, I am sure they he/she will agree.You also have to factor into the distinct posibility that the value will continue to decrease and thus put you in an upside down position making it even harder and credit damaging to get out from under.

In fact, on this site I often see a poster make the distinction between running a business or having a hobby, looking down upon the latter choice.

Albeit, you need to be clear that you're doing it not as the seller's realtor but as an investor/wholesaler.The thing that I found most interesting in the video is that they clearly talk about the distinction between marketing the property and marketing the contract and even go so far as to say that putting out and ad (on Craigslist, for instance) IS legal and that describing the property that is under contract is also allowed.