I wouldn't necessarilyt characterize people that don't agree with you as "not investors" or "money hoarders".

How would you characterize the difference beyond DC’s higher barrier of entry?  

Right now, I would characterize myself in the accumulation phase, as I am essentially stock piling cash to be able to put down the down payment and have plenty left over to account for any unforeseen expenses (repairs, vacancy, etc.).My question is, where should I be keeping this cash?

@Ronald Rohde: Either I was misunderstood or didn't explain myself well enough when I said 'flat concrete roof' - I don't mean a true flat roof, I only meant instead of the curved concrete tiles (used to be clay originally) that characterize the Mediterranean style, which would not be in line with the styles prevalent in Texas, and I meant that possibly they could make roof tiles flat instead of curved, therefore look similar to composition but last much longer. 

At that time it was typically characterized by crime and low income residents.

There is no other "reason code" that lenders can use to characterize the activity of a defaulted mortgage.

I question your characterization of the neighborhood.

Yet, I wouldn't characterize any of them as "not adding value" or "not to be trusted."

I disagree with characterizing it as "another one bites the dust".

My early days in real estate where characterized by earning cash doing management jobs to save for down pmts on my own rentals.