I would make one distinction and that’s between an expense and a capital improvement. 

They are two distinctly different things and that's what trips up most lower income housing investors. 

If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on. 

The distinction between NewCo and traditional brokerages is that agents would be paid hourly, not by commission.

We had a distinct advantage over the one off buyer our title company at the time and their underwriter Fidelity WOULD issue us title insurance upon receipt and redecoration of the Tax Collectors Deed..

Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck

Maybe that last point is the distinction and I answered my own question.I imagine that lease options might be another valid exit strategy, in which your tenant has more skin in the game so they take better care of the property.

.   ;-)    I had a distinct sense the MTR workflow was going to be much more involved (depending on MY own involvement in it).Just trying to first learn from others on their:a.

The 2024 presidential election presents two distinct visions for America's housing market.

Also, I think there is a distinction between receiving and accepting that I would love to have a lawyer respond about.