Group 2 is a valuable resource for you because they might be able to make recommendations for good sponsors to invest with and bad ones to avoid.I think where your question lies is in distinguishing groups 3 & 4. 

So, when you start doing business and a third party can't distinguish between you and your/the entity, its your "alter-ego." 

Distinguish between good debt which earns you more than it costs each month and bad debt, such as credit card debt that sucks your life away. 

When it comes to "numbers," you should distinguish between bookkeeping, accounting, and tax prep/planning activities.  

Any potential PM should also be able to distinguish between a necessary repair vs. something cosmetic that the tenant is asking for.

They are hard to distinguish from stick built.  

So how is anyone supposed to distinguish you and your post from any other post?

Often times they will distinguish between taxable value versus assessed value.

I know that in most cases this wouldn't be an issue, but there is a big difference between 1 Poodle and 5 "Insert Stereotypically Agressive Dog Breed Here", yet I don't see any language in the bill that would distinguish between those two scenarios. 

Let's distinguish between bubbles in items with little and fickle real demand (like tulips, speculative land, dot.com start-ups, crypto) and real estate.