But let us know whether this person lived in the house or if it was an investment Michaela  ,, just fyi  CA  NV OR make no distinction on a loan on a 1 to 4 unit  if its for investment purposes to a corp or individual etc. in those states any loan made on that asset class requires a license.. 

The locals, for example, take great pride in local flavor.

Also very important distinction between the 2 will likely be how much downpayment you are wanting to use. 

@Patrick Hall@Linda Weygant@Yonah WeissThe distinction is between (a) Individual Retirement Arrangements - IRAs and (b) Qualified Plans (e.g., 401k, profit-sharing). 

I have a couple other reading lists that pair well with real estate investing and running a real estate business (two distinct disciplines!). 

Do they make a distinction between the fixtures and features of the property itself, and any tools/equipment/materials you have at the property?

Popcorn lung was associated with the diacetyl in butter flavoring in a factory where workers inhaled the particulate over a period of time.

For federal income tax reporting this means the SMLLC is dissolved and there's no distinction between the SMLLC's assets/income and the owner's assets/income.The tax treatment of you holding the property directly vs through a SMLLC taxed as a disregarded entity will be 100% the same. 

I've got the feeling that that there is a distinction between hard money lenders and private money lenders.    

It has some distinct positives, and some major negatives.