I hate to generalize but I find there is a big distinction folks who need financial assistance because they have a low wage job and those that are completely dependent on the government.... accountability mindset vs. entitlement mindset.  

Mike and Tom have very distinct personalities and how their scripts flow. 

Looking back on the true bargains I have purchased in both property and notes I believe they fall into four distinct categories1- situations where the seller needs a very quick sale and I’m able to pull the trigger immediately2- situations where the seller needs to sell and it has to be all cash because financing is not available.3.

If it legally distinct from you and has pass-through tax status. 

If you've identified two distinct properties, the specifics of those sub-markets, the property specifics and the financials associated with each should be what drives your decision.

The smell is distinctive - musty-wet-rotten wood like; usually a sore throat and allergy like symptoms will follow exposure for days. 

@Charmy Lee There are actually some distinct advantages that military members have over other investors that can help you become incredibly successful as a real estate investor.

So when you’re talking about those markets, I do think SFH/condos/2-4’s have distinct advantages over MF: better loans (low rate 30 year fixed/no need to refi in 5-7-10 years); much stronger appreciation; usually top notch  tenants who are easier to deal with.)  

The salary versus the owner draw distinction is the critical part of all of this.

There's also a distinction between a fair market value and a appraised value.