Two distinct income sources that must be separated to be able to assess the true value of a property.

We have very distinctive areas.

Another distinct possibility: Your numbers are wrong. 

When you do a BRRRR deal of Flip there are 4 distinct areas of costs.  

Free and clear or scented?

Hunt Club may look close on a map but it's in a distinctively separate, inferior sub-market to fountain parc.

There are three distinct types of knowledge you needThe strategies - you don't need to know them all, You only need to  know one, enough to do a dealHow to evaluate a deal. - Many never get to this point. 

But let us know whether this person lived in the house or if it was an investment Michaela  ,, just fyi  CA  NV OR make no distinction on a loan on a 1 to 4 unit  if its for investment purposes to a corp or individual etc. in those states any loan made on that asset class requires a license.. 

Also very important distinction between the 2 will likely be how much downpayment you are wanting to use. 

@Patrick Hall@Linda Weygant@Yonah WeissThe distinction is between (a) Individual Retirement Arrangements - IRAs and (b) Qualified Plans (e.g., 401k, profit-sharing).