I'm not sure the distinction between your two categories but rehab on my part has been focused on functionality and durability as opposed to looks.

More importantly, the big distinction that needs to be made is that lower rent areas don’t always mean lower quality tenants.

I'm not sure if the LLC helps or hinders in the 401(k) space relative to cryptocurrency, as we typically do not place a LLC inside the 401(k) unless there is a distinct need to segregate plan assets from each other for liability purposes.My understanding is that Genesis is the best platform for such institutional accounts, but that is just anecdotal.

Why is that distinction important?

This is a consistent concern of mine whether or not the loss is spread over 1, 2, or n distinct sets of portfolios.

There is a difference between opearting expenses and capital investments, some landlords really don't make any distinction between putting new carpet in a unit and repalcing a faucet.

Courts make a distinction between permissible liquidated damages clauses, and impermissible penalties imposed on tenants to to force their compliance.

John correct me if I am wrong on this, as this is a key distinction as I understood from your post.As for the protection necessary from an LLC.

@Tommy Martinez  you have two distinct typesone the RIA type were you may have someone own the RIA or multiple rias they make money with the member fees excetra.. but will also create a lot of deal flow form newbies who view them as experts.Then you have the TV gurus  like rich dad ,, Yancy , fortune builders. this is a HUGE Money business make no mistake MILLIONS are made by these folks. with all the newbie wanna bee's paying big bucks thinking this is some secret sauce

Consider adding hard money as distinct from private money