Subsequent responses do seem to hone in on determining what your ACTUAL cost of the "$10k" would have been, and I would have hoped that "the book" would have made the same distinction - but, didn't?

Definitely seeing emphasis on condo/condotel distinction; usually in reference to financing but probably important for other reasons too.Good luck on your next property!  

But because they both  sold periodically and one deferred the taxes and used them for additional purchases there is a distinct advantage to that investor.Again, that's just one other perspective to add to the mix.  

(Then there's the distinction between what's allowed and what you're willing to risk getting away with.)Do your due diligence when selecting tenants.

This is an IRS distinction.

This is a huge distinction when it comes to how to treat guests/tenants.

So I think we should have a good distinction if we want to stand out from the crowd.

That's usually a distinction whether or not they're actually separate dwellings.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

While they provide some great benefits like eggs, little to no tick or insect activity and great for kids to learn about animals they have some very distinct downsides.