Grouping everything together into the "residential" category blends together crucially distinct data resulting in an arbitrary and bias answer.Govt financing, conservative underwriting and management execution properly combined; make multifamily (in my opinion exclusively workforce housing vs luxury, student, low income, etc) the BEST risk-adjusted return of all real estate asset classes.Any other (friendly) thoughts?

Of course, sometimes I pay the tenant for doing side jobs but it is always distinctly separate.

There is no distinction between some of the $ that is pretax and some that is after tax.2: If you leave your job or get fired, you have 60 days to pay it all back otherwise IRS views it as a taxable event as slaps you with ordinary income tax on all of it plus a 10% penalty for early withdrawal.

It's just not my favorite investor product.Waterfront is usually a solid buy if you can get it at good value.Homestead is a unique and distinct market. 

This distinction does not matter for work done to make the property ready and available for rent.  

There's on obvious distinction we're treading between something being legal and something being ethical. 

There are literally hundreds of cases on the distinction between inventory and property held for long term gain under the personal income tax provisions of the Code (following a fact-based case by case analysis), the provisions relating to UBIT are not so well elaborated.

Neighborhoods are a lot more distinct from each other.

When I go through the process of getting the loan, there is no distinction on where the money is coming from, but I would think it has some tax implications?

@Liz Weiss I believe Jon Crosby and Paul Sandhu's high level assessments are very insightful and helps to point out an important distinction.