I would say that it's not that wealthy people don't work.

Flip for cash, buy and hold for long term wealth. I

Leveraging the loan is one of the smartest strategies for creating wealth. I

Take the opposite perspective which is usually seen in highly regentrifying neighborhoods like DT Durham and S or E DT Raleigh, which would be considered a C-class area (even D-class in certain areas) that are getting A-class assets from developers.There is plenty of A-class product and areas in Greensboro where people are as wealthy and pay as much for a home as the Raleigh A-class products/people.

We will house them in a very nice home, feed them very very well with specialty diets as needed and always with estetic appeal, we will bath them, dress them , toilet or change them,.

These are not the uber wealthy, but they are getting hit big time now)3) Worse - Your average borrower with a 720-759 credit score is paying more now4) Worse - If your debt to income ratio is over 40%, you pay more now (silly rule, if we pre approve someone at 39% DTI but the underwriter changes it to 40%, now that borrower pays more.)5) Better - 2-4 unit homes, pricing is a touch better now. 

Short-term rentals thrive in areas such as Destin, Santa Rosa, and Pensacola, due to their pristine beaches and how near they are for wealthy C-Suite executives living in and around Mobile, Birmingham, AL, as well Atlanta GA. 

The need for instants gains, instant success, instant gratification, instant money and wealth is a common mistake. 

You want to make sure you have enough cash flow to maintain the property and cover all expenses, however you also want appreciation to ensure you can grow wealthy over time.

I myself am not worried about the crime, however I feel renting in a safer neighborhood not only guarantees less theft/damage to the building but better tenants rather than in a less wealthy neighborhood like Frogtown.@ Ali K.