We all fail to shift our thoughts from landlord to Asset manager, huge distinction.  

Thanks again, I appreciate you making that valid and important distinction,Adam Adams

There are distinct maintenance items for each, and if they have been neglected for any length of time, you could have a complete disaster an hour and a half after you close!

But again, I don't think this distinction is large enough to skew your results when checking vacancy rates.

@Jeff Jenkins  - in French there is a distinction between education and instruction: the first you receive at home (home including your neighbourhood / society), the second being what you receive in school.In both your country and mine, the school system - post secondary included - has, more-or-less, morphed into an assembly line to turn out cogs and consumers.  

You definitely added a different flavor to this post, @Jeremiah B. 

@Charles Hinson you are saying they are distressed therefore owner financing is off the table, i'd be interesting in understanding what you mean.if the properties are not bank owned, then subject to strategies are the no to low money option. that is a flavor of owner financing.  

I use two very distinct colors of towels, but now have three colors. 

I distinctly remember one investment manager being very nasty to me about why any fool would invest in real estate anymore at that point.  

That said, I don't see the designation distinction to be all that important.