@Anthony Lee  thanks for that distinction.  

There is a great value to the FD and I believe the distinction between a conveyance of full interest (land included) is unsupported given the fact that people can donate property while retaining a life estate - but, the law appears settled.

A strong will, a settled purpose, an invincible determination, can accomplish almost anything; and here lies the distinction between those who become great and those who remain little." ~ Thomas Fuller

This is an important distinction in places like Breckenridge/Summit County, where the city of Breck has essentially banned new vacation rentals, but Summit County allows them.Good luck!

I’m a bit concerned about the saturation of the market as far as tourist rentals go as I’ve read that many Turkish and Russian investors have been buying already.

Hosting someone on Airbnb vs. renting to someone is a distinction without a difference in my mind.

@Matthew Stoughton There is a BP Meetup sponsored by the wildly handsome and distinctly articulate @Phillip Dwyer in Henderson next week, 1-30-14, 7:00 PM at nacho Daddy's just off the 215 and Easter.

What would be the best way of:a)  Purchasing a property for $100Kb)  Purchasing a note for $100Kc)  Buying a property to flip for $75K and put $25K into repairsCan I use personal and 401K funds in the same investment as long as there is a clear distinction between the two?  

Donald on BiggerPockets, we're not politicians here.I happened to be of the opinion that interest earned by professional private lenders or hard money lenders is ordinary income for their lending businesses (as in "in the business of lending money"), as distinct from portfolio income on passive investments and casual loans.Eamonn - please correct me if I'm wrong and explain how would you classify the income and expenses of a HM lender, let's say operating as a partnership. 

., all have very distinct issues that need to be addresses and resolved if the underlying investors want to go separate directions with different goals and objectives in the future (such as a 1031 Exchange).