Number of properties doesn’t matter if you over paid and over leveraged.I’d think a new investor would be classified as someone who hasn’t managed through an RE downturn, and that makes me a new investor.

Would you classify your bank as an investment if you deposited money into your savings each month and then withdrew it 5 years down the road?

Simply because the law classifies a crime as a felony or misdemeanor shouldn't matter, the substance of the crime should be the determining factor.

What we classify as a "warzone" is a paradise in a large part of the world.

It is true that some areas can be classified as a no firearm zone.

We invest in what we classify as C and B neighborhoods (it seems everyone measures that a little different).

So you divide the $10 million by 50 years and you get $200k a year to live on without working.If we look at the chart, we have a problem.No one would say the person in Scenario 1 would be classified as Ultra-Wealthy though he meets the definition.In Scenario 2, no one would say this person is in an EMERGENCY situation which is below broke.Each one of these has to have a STANDARD of LIVING in which we can calculate the Value of it.So if Scenario 1, we calculated the Standard of Living in the area where this person lived to be $2k per month, he is obviously living financially free, but way below the normal standard of living.In Scenario 2, if we also agree that he spends $200k / 12 = $16,667 per month but has not discernible income, he is still living WAY above the $2k per month income.In my opinion, the Value of the Standard of Living has to be taken into account.

Yea, that doesn't classify as a miracle.Thank you for your input!

Just a side note, a lot of these crime rate statistics are taken by how a crime was dispatched to the police department in that area and some of them take statistics based on what the report was classified as.

@Matt Leber What do you classify as mid-tier rentals?