In California however, the the state and the courts have not explicitly made this distinction between SMLLCs and MMLLCs when it comes to liability protection.

@Teja Williams it's probably important here to make a distinction between the asset (i.e. the property) and the owner (i.e. the legal Trust).

High risk that a condo association will not see a distinction between a MTR and STR, and will implement 1 year minimum lease requirements.

I see two distinct items, one is a "tax consultant" and the other is "someone who is experienced in doing taxes for real estate investors."

@Marcus Maloney One of the problems you can run into as a licensee who is wholesaling is that there is no meaningful distinction between wholesaling and a net listing.For the non-licensees reading this, a “net listing” is one where the seller says “I want $XXX,XXX.  

Renovated in a rustic-minimalist style, the pine plywood interior walls and ceiling give the 1918 home such a distinctive and cozy feel. 👇 The details $245,000 2 BR / 1 BA 4+ Occupants 1,109 sq/ft 💰 Projections Average Daily Rate: $197 Occupancy Rate: 59% Projected Revenue: 42,200/yr Projected Gross Yield: 17.22%Topton, NCPerfect Mountain Cabin close proximity to beautiful Nantahala Lake to enjoy fishing and all your water activities.

@Allison Leung since I have 3 distinct and different enterprises surround by and in RE my day is as follows.up between 5 and 6 am  I never set the clock  just wake up when I am done sleepingso say from 7 to 9 am its looking at the deals I am funding for fix and flippers on the east coast... 10 to 11 its off to the bank to wire funds to the east coast fix and flippers escrows or to sign docs for this activity. 

The siding is pretty obvious because it has a distinct look, but there are other things you wouldn't know just by looking at it.

Lenders may have different criteria and requirements for financing these distinct activities, and maintaining separate entities allows you to access specific financing options for each type of investment.

Yes, great distinction!