Success for me is a combination of being Healthy, Wealthy, and Wise!  

Both strategies have made people wealthy :)

You also get to interact with some truly wealthy people, making the game all the more fascinating.I'm with you on avoiding lower income, I don't want to touch anything under $100K/door.

Finding the right people, and finding a way to do it even though it may not have been done before can make you wealthy and achieve more than you may have ever dreamed.  

Mason:It's nearly impossible to get super wealthy wholesaling or fixing and flipping homes.

I agree that median statistics (without distributions) don't tell us very much, particularly in areas with huge separation of wealth.  Is

I have always been rehab/flip but get preached at all the time from my investor friends that "the true way to build wealth is to buy and hold" , I just always prefer the one big paycheck instead of the smaller monthly that can come with the headaches as well.

Reinvesting has inherent risk but is the key to becoming wealthy.

But I don't believe it and have been arguing that wealth is not destroyed until there is material destruction (i.e. a house burns or a car is totaled).

Most of these units are in B or C areas that won't attract many long term tenants that are wealthy enough to qualify and afford them.It will be interesting how this whole dilemma plays out. de Blasio's plan is ambitious, but from what I've seen and heard about it it doesn't have any real structure yet.