My guess is that Brandon makes no distinction between "12% per year or an average of 12% over a full 30 year period".

Any distinct features?

As someone who sends a lot of mail out I find two very distinct results.Large budget with a large prospect list and great infrastructure means post cards will be your answer.

Its just like building new construction we expect to make a profit but we need to be properly licensed bonded and insured.. so the biggest rub is the non license activity and a totally unregulated activity.. now many wholesalers have their cash lined up take title resell etc and that is were the states make the distinction..

Uh-huh, I remember your distinctive writing style now.Well you do drive around in that high-end truck, as we discovered last time around the wading pool.

Education is indeed a crucial aspect of real estate investing, and your detailed breakdown of different property classes and neighborhoods is a valuable guide for newcomers.Your emphasis on understanding the local market's dynamics and class distinctions is spot on.

This is similar to if a credit card is used to purchase a house.In your scenario the seller is still required by law to report his interest income and to not report it would be a distinct and flagrant violation of tax code.

The distinction between the two based on police records.

I would highly recommend opening a business checking account and keeping a separate and distinct set of books for your rental. 

Desperation has a distinct odor.