Being that it’s my first time even being apart of the market, I don’t even really know how to distinguish the difference between the market now and I guess a “normal” or “stable” market.

While commercial properties are excluded from the 10 properties limit the guideline does not distinguish between th loan type used to finance the property.  

This still leaves us with having to distinguish the house as either a "second home" or an "investment property" which is important in the eyes of the IRS. 

To me, having systems in place allow you to distinguish the difference between a "project" that you're working on WITH your team versus a "business" that you're running and leading your team. 

I have been brainstorming what I want my purchase criteria to be now that I have just gotten my first flip under-contract, but I can’t help but feel that I’m missing opportunities or ideas for how to distinguish my criteria.

(a) Any person who practices, offers to practice, attempts to practice, or holds oneself out to practice as a managing broker, broker, or residential leasing agent without being licensed under this Act shall, in addition to any other penalty provided by law, pay a civil penalty to the Department in an amount not to exceed $25,000 for each offense as determined by the Department.

People like Dave Ramsey preach very strongly about getting out of debt without distinguishing what type of debt to get out of.

Closed on 2 STR Properties two weeks ago, one self managed rental, one a second home by the seller, so no issues with those...but, just grabbed a third today which is managed by a large property management company in gatlinburg.

You must have the ability to distinguish what works for you and what doesn't.

On the one hand, it’s difficult to get oneself to sign it; on the other hand, it seems like they just went overboard on the language to protect themselves and at the end of the day as long as you spend the money on normal operations of running your business, I would guess we’re all fine.