@Robert Hutsell @Jason Bott is right there are geographic distinctions that can greatly vary the policy pricing, if your property is located in Del Rio, you may be in a sweet spot as far as rating structure goes! 

Although I've seen quite a few if not the majority of folks use those terms interchangeably, we certainly see all 3 as very distinct/different and all 3 have their own subset of varying versions.

Do you see the distinction?  

The distinction on larger properties is between a sponsor and an investor.

That's our little Detroit, (no offense Detroiters, just trying to draw a distinction between your place and ours!)

Wholesaling, fix-and-flipping, and rentals are three very distinct strategies.

But if your strategy changes this is an important distinction to grasp.3.

Greg:I would agree that you have a larger tenant population upon which to draw in an urban setting which may permit you to be more selective.However, a distinction of rural vs urban is not a sufficient - I would also content it is not a necessary condition - to draw the conclusion of a lower social conscience or that the ratio of good to poor tenants is lower.The relative health of the local economy plays a bigger role in the quality of the tenant pool.  

Each type of transaction you engage in usually needs a distinct and unique type of contract to adequately protect your rights and obligations.

BP keeps the flips and buy and hold/landlord forums fairly distinct, for example.