I was one of these fortunate individuals and I was able to use the income letter from the cultural division to get myself into an apartment when I was 19.

The other condition I am in a lower income area and the culture in Baltimore City has bred a notion that landlords will not collect or report to the credit agencies.

We're a visually driven culture who wants things now.

We can work with the facts about person A:- W2 before tax income of 70K- Less than 1 year full time work experience- International travel at least once a year ($2500/yr - airfare, hotel, 50% meal & entertainment cost); assume person A will do land and cultural exploration, spend at least 4 hours a day during travel to speak with real estate agent, visit potential investment building and collect their business cards- Utility expense of $115 ($45/mo cell phone, $40/mo internet, $30/mo electricity.- Rent ($500/mo)- single with no kid- person A is interested in doing a coding bootcamp ($5500 cost) and find a part time web development job in the future; knowledge from coding bootcamp can also help person A to gain knowledge with automation in his current W2 job- Does not own any business, but sometimes would talk about side business or investing opportunities over dinner table with friends and family (average cost for those dinners per month $300)- Share a name with his mom on a residential property while paying $9000 property tax per year.Here are some opportunities for person A:- 18,000 contribution to 401K- 5,500 Roth IRA or SD Roth IRA- maximum 25,000 rental real estate loss- purchase rental real estate with mortgage and take depreciation and property tax and other fees for rental real estate investment.- tax lien investment- open a LLC- Real estate opportunity in Bangkok or Manila (USD$50,000 for apartment, 0.5% rent to price ratio); foreigner can only own condo, not land- Real estate opportunity in Malaysia (USD$80,000, 0.5% rent to price ratio); foreigner can own land- Real estate investing opportunity in Brazil, Greece, or etc.- purchase land through tax sales, find construction company to build and rehab houses.Here is an example of basic tax liability for person A if he does not participate in creative investment activities using 2016 tax rate:Salary                                                         70,000401K contribution                                     (18,000)Roth IRA                                                            -Property tax for Primary Property               (9,000)Bootcamp as miscellaneous deduction      (5,500)Taxable Income                                          37,500Tax Liability (932.5+15% over 932.5)       6,417.63How would you add or modify this sample strategy to help person A to lower his tax liability and turn it into investment fund?

Part of that has to do with the corporate culture at the banks.

The second generation knows both cultures and doesn't 100% trust either one.Please understand these are generalizations, and individuals vary quite a bit depending on a variety of circumstances. 

Go new places and meet new people and yes, new cultures.

@Matthew Irish-Jones I have access to cash; private, savings which allowed me to be able to quit and not stress about immediately finding another job, and I have 50k in lines of credit that I don't use.

There would need to be a major cultural shift by the general public for change to occur in the industry.Zillow.....how do you think they actually make money?

im in the same boat looking to develop a 2 acre stretch of warehouses into a 65 unit mixed use loft development. i have started meeting with city officials and we have brought on a community planner and project manager. both local to deal with the city, permitting, and bridging the gap between our new vision in a up and coming are and fit into the local culture.