I remember it very distinctly. 

I remember distinctly in some BP videos how they talked about buying low, fixing, and renting out - buying the worst house on a nice block.My plan is to buy, and fix up - live in one side and rent out the other as a very very beginner.

So, the more you can segregate funds, maintain annual records, and generally respect the distinction between you and your company, the better chance you have of protecting your personal assets in the event of a lawsuit.Many people set up the company and then never document anything else.

The 3rd group, let's call them elective expenses (there's no technical tax term for them), are not deductible at all.As you can see, the distinction is important.

Classified as an installment sale under section 453 of the IRC code, this structure is not a distinct legal entity like a Delaware Statutory Trust but rather a contractual arrangement between the seller (taxpayer) and a third-party trust.

Financial health and financial freedom are two related but distinct concepts.

However from afar it is difficult to make that distinction. 

I think the one distinction a lot of people aren't mentioning is that you can cash out immediately after closing.

Naming it after yourself blurs that distinction and may make it easier to pierce the vail making you personally liable.

There was a distinct difference in hat Corelogic sent Attom under the court-ordered welfare agreement, and what Corelogic supplied directly to consumers.