It's nice to see a GIF in these forums too, there's seems to have been a distinct lack of them...

@Joel Owens made a good point and touched on a very important distinction. 

Tim Gordon The distinction is one of intent.  

I'll be tracking my results by giving each piece a distinct phone number that I can count calls on.The control I'll be mailing out will be the same postcard I've been using.

If I can't I will say so.. no charge :)teaching the nuts and bolts of a certain transaction and  Closing skills are two distinct diciplines..

I read my last thread response and I think I added the distinction b/c some banks will consider the seller-carried equity in a "CLTV" calculation as a rider to their LTV underwriting.

If you have figured out a way to buy properties (and make a profit) with out needing to perform this important piece of DD, I'd pay for the information.If a house is sitting on the MLS and it gets no bites it doesn't mean it's bad and just means know one sees the potential you see.There is a very important distinction between everyone else not seeing value where it is, and you seeing value where it is not.

That's the distinction you need to make.

Is there a distinction?

Hi, thanks Colin, but before you do anything you need to know what your state laws are concerning these issues as well as federal.You will need to get a non-owner occupied loan and it will have the DOS, but I'm not obverly concerned with the DOS, for reasone you can find here.In some states, renting residential property on a triple net basis is not acceptable as there is a distinct difference between ownership rights and tenants rights which carries with it responsibilities of ownership, like maintenance.