Therefore, when you move out of a house and turn it into an investment property, you should contact your assessor and update your property tax classification.

But make sure that you don't rely on tax assessor's office as to zoning classification.

They can also tell you the process of titling the land and the home together as real property, if you want to change the classification of the mobile home.

An ADU isn't really different than existing property types, it's just a new classification for zoning standards essentially.JADUs are required to be on OO residences, so I don't see much utility to a rent evaluator since they'd be so niche.

Property classifications were created to make it easier to communicate among investors and lenders to the quality and rating of the property amongst themselves.

You can lose money in any asset class if you buy wrong.Typically with my clients I see their liquidity and net worth estimate to know their buying range because various NNN quality properties are available in different ranges depending on budget.

A cost segregation analysis will look at all of the components of the building and break out which items can be depreciated over 5,7, 15 or 39 years depending on their IRS classifications.

There is no objective classification for property class, we are all just guessing.

Income earned in an active manner is subject to self employment tax, I did.As to voting rights, depends on state law, but I had LLCs where members had different classifications and voting rights, that in and of itself does not constitute a securities issue, all rights do not have to be equal.

There are some opportunities in the larger (commercial) MF class if you're interested in apartments.