And when you meet four different flavors and they all say the same thing it is so close to impossible to avoid that that it is probably mathematically indistinguishable. 

technically, private money is any source of money that will not be guaranteed by a government financial institution.This means that portfolio loans, hard money, self-directed IRA loans, PPMs, and mortgages from your favorite uncle are all different flavors of private money.Hard money is usually a subset of private money that is distinguished by the short loan term(e.g. 6 months to a year), relatively high interest rate, and excessive (disclaimer: my opinion) origination fees.

I tend to invest more heavily in asset types that are “out of flavor” at the moment as there is where I find the best risk related returns.  

I predict people will start talking about it in 2-5 years, with real estate impact in 3-10 years.Most people don't know this, but the Sedona aquifer has a 500+ year supply of fresh, delicious, naturally filtered water.

So, pick a flavor (LLC/corp, sole prop, etc) - it's still a licensed company.

But, I'm here and will probably stay.However, I'd not move someplace because of the RE market, there's an RE market where ever you go, just need to learn how to profit in it.I'd be more interested in weather, political flavor, medical facilities, schools, the arts, activities, cost of living and economic stability, if those are all good, you probably have a good RE market. :)

These come in a variety of flavors including, residential, commercial, industrial, and on and on.

Again, these questions have a bit of turnkey flavor to them, but they work very well when interviewing management companies.

It's like finding YOUR flavor combo at the ice cream parlor, there is no wrong answers just YOUR answers. 

Fix up and flip is really just another flavor of this, with potentially less risk, and BRRR probably has the lowest risk of the three.