When you're wealthy, you're more comfortable with lower returns to preserve the capital and reduce the risk of losing money. 

But of course, property appreciation is how you get REALLY wealthy in this game.

For most people the best formula is to create income (preferably multiple streams) elsewhere (job, business, both) and funnel as much of the excess income as possible into professionally managed income property.For example my day jobs (property management co and syndication business) create value and cash flow for me which I in turn funnel back into the biz and income property.You need big funnels of income to get truly wealthy (financially free) in real estate.

(morality & ethics should be present)    Another good example:  Charles Poliquin (he coached more Olympic athletes that anyone) one of his last conferences a lady in the audience asked him, about how he trains/ diet plan for elite vegan athletes. 

It all depends on what your time is worth, and whether you reap more from your time - $$ or pleasure - from doing something else.I own a property management company, and our clients are mostly upper middle income or what I would consider to be wealthy. 

Sounds stressful to me, but they did it and they are pretty wealthy now. 

It's so hard for non-accredited investors to access the same kinds of investments as the wealthy.

A healthy diet of realistic expectations, patience and some work should pay off more times than not.

To get wealthy using leverage to make you more $ is the way to get there.

Most of us are not the wealthy 1%, we are small local Mma & Pa shops.