Last I checked, they still had an income and net worth test, but even lower middle class people could qualify.That being said and to Chris's point, regulatory filings and operating costs on such a venture can add up. 

Some take a lot more time on preparation before buying and others start education themselves and in the middle of it buy their first home which leads to learning through the process.

Here in Oakland, and the Bay Area in general, prices have consistently gone up over the last 9 years or so, but they had slowly started to flatten.....and that was before Covid 19. in 2016 I saw a Duplex in Deep (As in "D" Class area) East Oakland that went for $369K and in the middle of last year it went for $500K.

It’s very expensive and will East into profits fast.

The landlord laws on top of the returns and price point just do not make sense when compared to what you'll find in the South East or Midwest.

My spreadsheets say west allis, but my heart says bayview/upper east side.

MERS in the Middle East, SARS in S.E.

Purchase price: $375,000 Cash invested: $15,000 Duplex in the gentrifying area East of Downtown Los Angeles which is still an excellent place to invest What made you interested in investing in this type of deal?

The East Coast is known for not being as elevated as the Rockies, so the trees make it difficult to see anything.

Expensive cities like LA, San Francisco, San Diego, NY, Miami, etc would keep bleeding middle class Americans who can now work remotely and are not tied up to these places.