Conversely, if a property is listed for $400k, and rents for $1000/mo (without some serious value add or backstory such as excessive vacancy that can be corrected), I'm probably not wasting my time on this one.There's obviously a full spectrum in-between these two examples.

The other end of the spectrum are solo practitioners who usually went to local law schools (much less demanding/competitive), they advertise in the phone book, the name of their firm is usually their own name, and they usually list a long line of things they do--criminal, bankruptcy, traffic accidents, etc.  

You will get advice from all different spectrums.

I am almost eligible for SSI  and medicare so different end of the business time line and spectrum your age I would do exactly what your doing..

Different states can be on both ends of the spectrum when it comes to tenant and landlord rights. 

Sounds like you have some options in your area across the spectrum for buy and hold.

Lets take Cuban for example, doing the DD, and spending the time even thinking of an investment is now considered active investing to him.You said it yourself, that it's a continuous spectrum.

Irvine , CA Thursday, January 07, 2016 According to a new study of companies leaving California during the last eight years, the state's business climate will worsen because of a multitude of proposed tax hikes and new regulations – measures sufficient to motivate more company departures.The study by Spectrum Location Solutions is critical of extending the "temporary" taxes in Proposition 30, escalating fuel and motor vehicle taxes, imposing a service tax on routine transactions, raising carbon-related cap-and-trade fees, and threatening to weaken Proposition 13's protections for business property owners."

You don't have to pick up a strong gray tone in the flooring for it to work with your wall color, as long as the flooring color isn't ridiculously strong towards the red/orange spectrum.

I live in a smaller city I would not consider it rural but it is closer to rural than a large city if it were on a spectrum.