Some people have different niches in higher end but the "bread & butter" is going to be the "middle" of the market. 

(Many gentryfyimg parts of DC are well beyond 2006 levels)Higher income areas with concentrations of wealth tend to carry less risk while lower and middle income areas carry more risk for significant drops in property values.

Though you're in the middle of the storm you might find some insights.  

Areas that are descent but not necessarily Middle Class.As mentioned before we are mainly in the research stage to determine if Phoenix is the right place of not.  

They are middle men that help you secure multiple lines of unsecured credit with low to zero intro rates.

For my rental units (middle of the road remodel).

In the middle of the each mirrored tray is a 6" recessed light.I have had a few friends came by to visit while I was doing a bunch of repairs and the comments I got as soon as they stepped into this area were:"wow...man cave""speakeasy?""

After a tour in Fallujah with the Marines I needed a change of pace and moved to Austin to start a business which I was able to sell (there's an NDA involved, so I won't go into too much detail) for enough money to buy a house that was way too large for me.

I start looking into buying a nice big home after renting out a penthouse condo in the middle of the city when I ran into a speed bump.Buying too many luxuries, whether you're paying cash or financing them, can hurt your business as an entrepreneur in the long run. 

My worst experience was driving to my three decker at 2am to try to figure out why the smoke detectors kept all going off at the same time in the middle of the night.