I find very few truly wealthy individuals would deal at the street level.. 

.$200 or $400 per month cash-flow per unit is fine, but the real wealth is built buying odd or otherwise strong but unfinancable assets at discounts and repurposing or renovating smartly into something special.Will I now buy an A class single fam at a 20% discount that only breaks even or loses a couple hun a month with 10% down?

What the folks above said, but adding that the likely reason there was no conviction is because she has wealthy parents that pay for a very good attorney when she does wrong. 

Art festivals, national motorcycle meets, and hot rod culture are all huge in Mt.

How to deal with unexpected situations ... etc. 2% versus 3% versus 4% is not going to make you wealthy at this stage.

It is a known fact that real estate plays a big role in the investments of the wealthy.

I work a full time job and so does my wife so we're working on real estate on the side and aren't particularly wealthy so we're funding through frugality.Here's the situation.We live in ATX where buying property is generally expensiveRents are relatively low compared to Home Values and the 1% rule never ever comes close hereWe currently own 2 duplexes. 

I also don't believe that it is reasonable to ask for a full year's rent up front as the graduate students often are older and have been working professionally for awhile and don't have a wealthy family back home financing their education abroad like an undergraduate may have - but tell me if you think otherwise. 

Cashflow doesnt make you wealthy.

Remember, the quickest and safest way to build wealth is having multiple different incomes from different sectors.