I think that's an important distinction in Airbnb laws because they could always change that.

For question 1, are there distinctive areas that you can definitively say that one tenant is responsible for and not the other.

Then add in the two distinctly different types of buyers for these properties, the investor and the owner-occupant, and you get two different price points as well.What I'm getting at here, is when it's time to refinance, you will need relevant comparable data in your area to back it all up.

There is a distinct difference between investing in real estate that produces cash flow and using their own cash to buy that cash flow.

As an aside, I noticed someone mention that you can buy turnkey props on MLS and I just wanted to point out a distinction because it is a source of a ton of confusion in REI. 

$1.8M Building we are considering is 100,000 sq ft, but really divided up into two distinct portions, the original single story 50k sq ft footprint, and a new two story addition at 27k sq ft per floor.

@Alex Furini I had no idea that distinction, thanks so much for the tip!

@Matt Hummer,The distinction I'd recommend making is between what you are allowed to do legally and what you should be doing based on your skills and knowledge.If you are as competent as the professionals you would otherwise hire, then weigh it against the value of your time versus the cost to hire it out.

FHA and conventional make no distinction for first timers. 

However, it's not really the way this works. 1) The Sheriff is not allowed nor would they make that distinction (abandoned property) int his situation.