There are two distinctly different collection strategies you can pursue:1) Collections Company: there are several that ALL they do is pester the debtor for payment with calls, texts, emails, letters, etc.2) Collections Attorneys: they will get a money judgment for balance owed and then pursue garnishment as necessary - including garnishing any state tax refund (if the state allows).Both will take a percentage of what they collect.

In the other half, escrow and title are distinct.

Actually I'll make a distinction and say you can get "Rich" (By that I mean a very high income) very fast in Real Estate.

If this has inspired anyone to look further into the program, there's one more important distinction between the two programs: ease of recruiting tenants.

@Anthony Lee  thanks for that distinction.  

This distinction is important   A court settlement enforced by the Federal Courts and Department of Justice.

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.

So now you have three syndicated deals, one each per market, in three distant and distinct markets, right? 

The state has three distinct personalities (mountains, piedmont, and ocean), which limits the risk of having all of your eggs in one basket.

Many different flavors to real estate and you have to find out which ones you like best.