Nothing more.The reason this distinction is so important is because as long as the borrower remains the property owner of record, he or she can do whatever they are legally allowed to do.

Yes, investors are making the individual decisions of what to pay for a property, but it's an important distinction.

There is a distinct lack of understanding of how the system actually operates and how you have to operate within it.

Sounds minor but it's a MAJOR legal distinction.

@Brie Schmidt @Mike D'Arrigo Thanks very much, didn't know there was a distinction there between assets and income, and a further variable with whether the property is rented. 

I love it here2 hours to the beach.2 hours to the mountains. you get 4 different and distinct seasons. 

But Amanda recommended a separate checking account to keep rental expenses/income distinctly separate.  

My version is below:A properties are relatively clear - high quality, good location, high rents / prices generally upper middle class to high class neighbourhoods.D properties - are in the poor areas or as some like to refer to as the war zones.The distinction between C and B are less clear depending on the markets and who you ask.

So this distinction will determine what the electrician will have to do.

Totally forgot to mention this in the initial post (kind of an important distinction haha!)