There are some areas that do not allow certain types of rentals, or have more of a stringent process you must adhere to.

IMO, there are two distinct advantages to REI: 1) it's a local market, meaning situations vary from town to town depending on many variables that are not simple to quantify using 'national averages'; and 2) it's an inefficient market, unlike, say, the stock market.The economics of the pond I swim in are driven by a growing university system and a growing regional medical center.

For such a stringent law, doesn't it still seemed so muddled?

There is a distinction and it is this:Double closing = Buyer B purchases from Seller A, closes the transaction, and immediately sells to Buyer C.

Anybody know the term for this ratings or distinctions?

See the distinction?

Otherwise you'll be the proud owner of a bad deal.Don't compete with the government for that distinction.

BUT there is at least one company out there that makes (creates) a distinction between the three and have three separate programs to offer: Lease Option for one or two years (no obligation to buy), Lease Purchase (rent for six months before having to close), and Rent-To Own (Tenant pays extra rent that is held until enough Option Consideration is saved up to do one of the other two programs).

I would like to make a distinction between "investor types" because I have been getting too many calls and emails to mention from newbies who seem to be attempting to jump into this and can get themselves into a lot of trouble without realizing it.

This type of investment offers distinct ownership characteristics that are different from other forms of joint or shared ownership. - Each owner holds title to an undivided fractional interest in the property.- Ownership percentage on a TIC investment doesn't have to be equal.- Each owner is entitled to their ownership percentage of income, appreciation, deduction of mortgage interest and depreciation, etc. - Each TIC owner retains the right to transfer, partition, and encumber their interest in the property without agreement or approval of the other co-owners.