For example, if you compare a hair salon product pricing vs Amway, you'll see there isn't a significant cost difference.

Can you imagine how quickly those states would dry up if hit with a drought or the electrical grid had problems and people couldn't run their A/C?

Real estate is still the best game in town to build long term wealth; investing will put a few grey hairs on you before you’re done.

We are both recently divorced and without getting into a sob story ( nobody likes a whiner), I can tell you that we were both left high and dry.

When the cash flow dries up, they will pull stakes and move on to the next get-rich-quick scheme and leave the Landlord hanging. 

When the deals began to dry up I moved into private money and rehabbing, specifically the 4R strategy, Rehab, Rent, Refinance, Repeat.

Not dry closings. either way is fine..

As far as DR, I laughed out loud at @Bob Bowling comment, but he's dead on.

I will interview his past Sellers to find out if he did everything he promised or left them high and dry.3) Excellent knowledge of the construction trade, cost estimating ability, local code and zoning laws, and project time schedules to bring a rehab in on budget and on time and in conformance with the law. 

A 9% cap rate on a particular property might seem very high to an investor in midtown Manhattan, while the same rate could seem very low to someone in Upper Dry-Rot County.I don’t want to invent any new terminology (we have enough already) but perhaps a way to wrap your mind around this is to start by recognizing that the market cap rate is, as I said, the rate of return other investors are actually achieving for a given property type in this location.