It tells me nothing, and it is a commercial term anyway...not a residential one.

Say...one project is a 6 month add value rehab ( I think that would easily fit into your last remedy due to the value add).

The 2-4 unit building are still considered residential and are appraised using comps which tend to be harder to find. 5+  multi family on the other hand are appraised using their "economic" value which basically uses the NOI and cap-rate.

I've done residential exterior service work for years and now do the residential estimates, so I have the upper hand when it comes to evaluating repair cost.

I'm a Project Manager running commercial and residential construction, not a property manager.

  : )There are no 7 year life assets in a residential rental real estate activity. 

We created an LLC for our salon, tax office, residential rentals, and commercial rentals.

Only you can really answer that since it depends on your goals / business plan.If you are investing in residential properties, then more than likely you are working with a Realtor, a member of the National Association of Realtors. 

You can only take so many residential loans

Last year a short term rental law that limits short term rents in residentials in San Diego was passed then rescinded.I was wondering if that legislation is enacted in the future, will that concern MF (>= 4 units) also.