My thought process is that wealth is accumulated over a long time through factors such as asset appreciation, equity position, and INCOME.

Over the years I have taught people who are extremely wealthy.

Meanwhile, sales of properties worth $1 million and over are up 102.2% in the past year, as wealthy urban dwellers purchase properties out in the suburbs to escape pandemic-related restrictions and social unrest.

Unfortunately I discovered that working for the government I would never get the level of wealth I needed to feel truly successful.

Lots of Tech moving into Durham, so there will be some people who make themselves very wealthy investing in Durham for the next 10 years, but I would definitely recommend a savvy agent on the ground.

There is a lot of information to digest, but one thing I will point out -the BP way is only one of many many ways of using real estate to produce wealth. I

Most veteran investors I know who are now very wealthy had regular jobs (professors, engineers, nurses, mechanics, HVAC techs, realtors, etc) to pay the bills and to build capital.

Originally posted by @J Scott: but in my experience, wealthy people generally just pay cash for their vehicles and other depreciating assets. 

Would the lawsuit have settled if the property was in the name of the wealthy landlord instead of an LLC? 

In my opinion , buy and hold properties, build long term return on investment and wealth, I have done turnkey properties And made quick money, only to return to the market to try to find another deal , took me about a year .to find the next one to fit in my parameters that I have chosen for myself.