Maybe, but so far the reports are about neighborhoods where people have real money.

Private money refers to individuals who offer a similar product but lend to friends, family and other investors they know. 

They require all cash to buy so the people there have money.

Anyone can live anywhere they want if they have the money, and sometimes houses are bought and then rented out without much background checking on the people moving in.

Go to local meetups, search these forums for people that have mentioned that they do private lending and attend other RE events.

Happy to be part of a great community. Looking to buy multifamilies in Houston

Then focus on meeting more people like them.

But I think it has more to do with how different individuals handle what is technically an invasion of their space and privacy.

Multiple people including myself have tried to caution him of the the true costs but he's been repeatedly dismissive and has made it clear we give him motivation and he wants to prove us all wrong (whatever that means). 

New to the Dallas area and look for a rhea group to connect with?