@Bobby Burches Each jurisdiction is different.  I

Here's what I tend to do when I see stupidity like that from a seller (i.e. two documents that contradict what each one is saying - or when what they are verbally saying but the form says something different).  I

Nothing in particular to differentiate their u it’s as a product.

I have no lender in my network that differentiates between the two.

The rules in Texas say you have to buy in person...but rarely is that enforced...two or three counties now trying online....so you can bid yourself...as @ned Carey mentioned...the interest rates can be misleading...I would say 95% don't get redeemed so you interest rate is normally zero and in the meantime you have to pay taxes and insurance...so actually often negative interest for two years in Texas...every state is different.   I

The differentiation is material participation or participation as a real estate professional.

However, make sure to clearly differentiate them from the LLC-owned properties.For your real estate activities as a Realtor: Continue to report these activities on Schedule C.In summary, it's not unusual for a single-member LLC with rental properties to use both Schedule C and Schedule E, depending on whether the property is owned by the LLC or personally.

And certainly if I had known at age 18 what I know now, my career pursuit would have been completely different... I

This creates a small discrepency in the purchase price for the two scenarios, but we're getting a profit differential of  almost $25k!

Tax rates are just one of the many things differentiating markets and everyone prioritizes things differently.