Obviously in larger cities like LA & NYC these margins of error are quite small +/- 1% because the government surveys a lot of people from these MSAs since a substantial portion of the American population is concentrated there.

So the assumption is not that more is better, you have to cost it out to the development requirements by the size of the project, concentration requirements.

Lane KawaokaHi Lanethe portfolio is concentrated in the  Knoxville, TN market.  

I agree with Jay about how banks had to make loans available to certain areas to do business there and those areas had high concentrations of minorities.  

Not to worry about your buyer's list, first concentrate on getting the deals, the buyers will come if you deal is attractive enough.

While I understand your thought of using all cash to buy a rental property, my own personal preference would be to "go wide" with 4+ newer single family rentals, and then collect rents on all four, using the funds to pay down one mortgage at a time in a concentrated debt snowball. 

John Cozier I would concentrate on building a wholesale business.

I guess I'm asking a few things;1>) is it better to stay away from these areas where there is a high concentration of apartments?

I think the fact that they saw me living there and not out in the suburbs and that I showed them respect made a huge differenceI think that because Milwaukee (especially the northwest side) has a high concentration of "minorities", it might be perceived as "bad" which I find to be quite ridiculous.

Concentrate on the law, the code of ethics, and the rules of your MLS.