If the market flips to a buyer's market, updates will help you to compete.There's an important distinction between upgrading a functional kitchen, bath, roof, etc and repairing one that is broken.Buyers will want important repairs made. 

(Yes, there are a few exceptions, like being a developer's employee)Wholesalers claim that they're not selling a property, but only a contract.To me, that seems like a distinction without a difference, but whether it's illegal or not is something that would ultimately be up to a court of law.

There is a distinction between wholesaling and assigning a sales contract. 

There are distinctions which are good to know and ask. 

Welcome ThomasYou certainly getting the flavor of different parts of the US

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.  

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.