However, most of the time cash is needed to transact.The distinction is that the cash doesn't have to be yours, which is where most of the NMD strategies come from :) 

I have only used my HELOCs for RE investing so while I am sure it came up early on with my CPA, I did not remember that distinction.

A very important distinction to understand.

There is a distinct lack of understanding of how the system actually operates and how you have to operate within it.

Everywhere in the US has a fairly distinct offseason other than Southern California but the prices are too high.

Yes, investors are making the individual decisions of what to pay for a property, but it's an important distinction.

Combining his familiarity with the area and continued research into the investing market will give the company a distinct advantage . 

The tactical distinction becomes important if the buyer defaults in the mortgage or deed of trust is foreclosed.When the property is sold subject to the mortgage, the buyer is not personally obligated to pay the debt in full.

In 1031 world there is no distinction made between financing only on property use. 

LLC and Corporation (Inc) are separate and distinct business entity types.