@Chris LopezYes, an important distinction -- "valuable."

Our region presents distinct opportunities and challenges, and by tapping into this local knowledge, low vacancy, high demand, high rent, etc, you can strategically position yourself for maximum returns.Even with your lease not expiring until October, owner-occupant financing is a game-changer for those considering house hacking.

According to this article, http://www.examiner.com/article/the-fico-credit-score-and-strategic-default, researchers have found distinct character traits that identify potential strategic defaulters.

Interesting, Darren, my definition is very close to yours, but I'd say there is another important element, the quality of the information given.To me, the derogatory use of the term is applied to those that add fluff, exaggerations, aspects that while may be technically correct but are highly improbable to replicate or simply put out bad advice with no consideration to ethical issues.I make that distinction because, some professor in some university teaching a real estate course or some instructor in a state approved real estate school for agents isn't a guru, they are teachers and instructors.The difference in being a non-guru teacher is two fold, 1. the materials taught are compliant with rules, regulations, laws, accepted in practice and are based in sound applications of the business; and 2. they are qualified by education and experience, by education that has some professional level that is determined by proof of their mastering a level of knowledge, testing and degrees earned or certifications by proper authorities in the industry or academia.

Big distinction to be made between those scenarios.  

I make the distinction here between charging 100% of the interest and keeping it.

It's very important that all transactions related to the LLC are seperate and distinct.

Ann, I wasn't arguing with you at all, I hope I clearly made the distinction between individual unregistered lenders and those, like yourself, who are registered and compliant and thereby allowed to do things individuals cannot. :)Yes, it is long isn't it, sorry!

Is it the bank that makes this distinction?

Every state has its own licensing agency, however, I've heard that once you have a CA license there are reciprocity agreements with several other states wherein you can with reduced procedures get a license in that state.Licensing and MLS access are two distinct issues, for the most part.