The ordinances define “dwelling unit” as a unit with a separate kitchen and bathroom.

@Shawn Flynn to my understanding, and how I define A, B, and C properties is as follows: (keeping in mind this is just a general rule of thumb... like alot things that seem to be in real estate!

I'm curious how you're defining "spend"; is that $100k all-in, repairs included, or your maximum purchase price/loan amount, etc?

I will definably share my experience!

I have three options:I can sell to my tenant - most of my tenants are interested in home ownership, eventually.I can sell to an investor - I only rent M2M so I can offer a home that produces income or can be vacant in 30 days notice.I can sell to the open market - most of what I own is SFH, so I have a broad market to advertise my house...I can also sell my home below market (because my purchase price is right) to get out quickly if I need to and still make a considerable profit.Multiple properties may incur higher PROBABILITY of a bad thing happening, but it will yield you a higher PERCENTAGE of return on your investment IF you stick to your investment rules.My largest "contrary to the popular belief" is that I buy not to generate large amounts of cash flow (although each property does @Justin Fox brings up a good point that it isn't just what you have left after you pay PITI), but to keep my equity safe and building as I own and maintain the property. 

@Omar MercedWhat do you define "involved"?

I am wondering how "institutional investor" is defined.

Contracts for deed, lease-purchases, and lease-options for longer than 180 days are unambiguously defined as executory contracts.

I know that is really broad, but basically make sure you get paid and the deal works out for the next investor.

Now, i know this is a broad question, but i like to know what is the most and frequently use and important form of contract used in all real estate deals.I like to know them and be familiar with them, so that i can use it when it is necessary.