But with that being said - would you rather go in white collar areas with a higher risk of tenants losing their high income or should it be a blue-collar area where jobs are more stable, but cash flow is lower?

I am purchasing these apartment complexes now at about $33,000 a door in a blue collar good hard working neighborhood where I would not feel afraid for my 16 year old niece to walk around at 9:00 pm. on a Friday night. 

If the letters turn blue, you know you did it right.Best of luck!

Here's a list of what I do use thoughAlliant - 3% of ALL purchasesAmazon - 5% off all Amazon purchases Amex Blue- 6% groceries, 3% gasDiscover - Revolving 5%Chase Freedom- Revolving 5%Lowes - 5%  (for those remodeling projects)I've covered pretty much all my big spending places with those cards and with a base 3% cashback to work with, I've already beat out the 3 to 1 points by the points cards

I'd like to end up at the ocean at some point, but don't feel my rentals need to be where I am.

Make sure they have a note and it is signed in blue ink so that you know it is an original.

Kiyosaki :) The Guy has made millions by telling people that the color of the sky is blue.

BUT...when you have that "Low Jack" (the word RENTAL in the LLC) on a Judgment, you got a pretty good chance of getting paid, sooner or later as one day out of the blue, a Lender contact you asking where the borrower needs to mail the payment so he can get the mortgage needed to close on a home!  

Initially I was going to live in the garden solo until a friend out of the blue asked where I was living and things just fell into place.

. : This is a 2/2 unit with partial ocean views in the miami beach area.