Short of knowing the area first hand, you have to find out how the provider/seller is defining their classifications.  

The promissory note defines the terms of the agreement, what, when, where to pay.We keep it simple.

As a service mechanic in a trade union your work ethic, character, and quality of work precedes you.

I know that every street has its own character, but I was curious from local investors, does this seem somewhat accurate?

For me personally (and my company) I've always defined it as follows:  The property is in a stable or growth market.The property is in a desirable neighborhood.The property is new or has been newly renovated.The property is cash-flow positive even if fully leveraged.The property is leased, or in the process of being leased.The property is under professional property management.The property has been carefully selected with renters in mind.Please post any questions in you need more clarification.Continued success!

This can be broken down and defined under several criteria.2) Property management is the key -- whether you find them on your own, or have one referred to you -- I always tell our investors that you, "Live and die by your manager".There is no "extra risk" if you know what you're doing and use a proven system. 

It's not just real estate, the one year threshold has been well defined, to holding assets, it is generally accepted accounting practice which the IRS adheres to.

I assign guest spaces and handicap space and the residence each has a space but not defined

As a millennial myself I definitely think my values are different, in some ways, than my parent's generation and that the central nucleus of my life is a defined differently.

A short 10-15 minute discussion of your need should clarify whether there’s a reasonable possibility of obtaining approval for your desired use.FYI: the ordinance defines two types of daycares: a “Childcare Center” can have 13-79 kids; a “Childcare Center in a Residence” can have 6-12.