My wife and I currently own a 2-family home with a short term rental which generates quite a bit of cash flow month-to-month, and it is getting to the point where we need to separate our personal finances from the rental's, and, we also want to protect our personal assets from liability and take advantage of any tax benefits.

C class assets in WA or CA are akin to C class assets in the midwest if you use the same scoring criteria universally.

@Matt Michaelson I go to Lake Fork and try my hardest to catch a double digit bass

but so many on BP are trying to buy and now we see these threads help I am getting out bid all the time.. so I was just trying to show a doc that might help them. especially in low value asset land.. this could work well.

In other words, buy a C asset in B area and B asset in A area.

What’s the difference between putting extra cash into a hard asset like real estate vs taking cash out of your pocket to invest in stocks, etc.?

@Phil Fowler Yeah, unless you have enough assets to use capital gains or asset depletion as income, you're not going to be able to find traditional financing without a job. 

Id say this depends a lot on the asset class.

He does not fully understand Sec 179 expensing regarding vehicles or mixed personal-business use assets, which makes running with his advice dangerous.To his credit, he disclaims in the video that you should confirm everything he says with your CPA and attorney...Stepping out of the tax realm and thinking logically as a business owner: Is it really a smart business decision to buy a new business vehicle every year? 

They will look for experience though, as well as your debt to income ratio, W-2 income, and any other assets you may have.