Now the rules are a little more lax, SFR, SFR+ADU, and duplex, are 3 distinct categories. 

I understand that you did your analysis based on their Pro-Forma, but from what I have read, there was no distinction on if Pro-Forma numbers were for your specific area or across REI Nation's whole portfolio.

Is that the distinction between hiring someone to work for my PM co and just hiring someone else as the PM?

We've talked about doing something with it for years, but our distinct lives have postponed any actions until now.

These markets focus on distinct buyer demographics or geographical regions.

There is also a distinct separation to keep in mind here, we are talking about the structure, the home itself, components are a separate item.

You could get into multifamily at this point which has distinct advantages over single family.

I've done a couple of deals lately using this method which is similar to BRRRR with one important distinction: I'm not remodeling the properties.

The rates are the same, by the way, so it's more of a technicality distinction, but is still important for the correct reporting schedule.

There are ways you don't have to get a second phone, though--services like Google Voice give you a separate, distinct phone # that you can use for business, but it will all route to your primary phone.