In fact, there is no legal distinction.

I do plan on marketing one commercial property in the next 18-24 months for a distinct purpose.

I guess we'll just have to see what SBY, ARPI and AMH do after a few more quarters of earnings go by without them getting into the black.As for your comparison to subprime, I have to make one distinction.

I don't have experience with mailers but I can give you help with the initial phone call when they respond to your ad.Make a second line with some kind of distinctive ring or announcement so you know when it's an ad call.

This combined with the on the knowledge gained through hadns on experience gives you a distinct advantage over the one who went the 4 yr degree route.I have a 4 yr degree in Mechanical Engineering, and although it trained me to think a certain way, I am cvertain that someone with no degree and a couple yrs experience in the field would run circles around me in the engineering field.This is perhaps just the way I would do things "if I knew then what I know now".

Here is the IRS distinction.

Thing is they are vastly different housing units and investments, each with distinctly different economics.

These are two very distinct functions, and neither will have a positive effect on your business without the other.I come from the tech world (I was in management at Microsoft for many years before I transitioned to real estate).  

You won half of the battle when you understand that there is a big distinction between someone wanting to sell a property versus someone that needs to sell a property.

There is a distinct difference between the US and Japan.