The days of putting lawyers and doctors up on pedestals should be long over but society still throws them up there.

., the bill modernizes the definition of accredited investor so those who do not have a high income or high net worth but do have the education and job experience to evaluate investment risks and merits can participate in the growth of promising companies.

The 1st world society is great in many parts of the world.

The way I'd analyze that is to say what will a really nice (totally new and modern) 2br unit get me in that area and would I buy a $200,000 home as a rental based on those rental prices?

good modern looks, easy install, reasonably priced and as durable or better then anything else 

@Adam Soyak and Account Closed is your guy.Or use the modern technology and work with any of the tax accountants on this forum remotely.

Modern free-market capitalist economics is a relatively new field of interest, and global free-market capitalist economics even newer.

Similarly, newer buildings might only need cosmetic touch ups to bring them up to modern standards.This isn’t single-family residence where you can estimate an ARV (good points by @Michael Le), stick your thumb in the air and estimate.

To make it in today's world, you need to accept modern times.Do not quit any W-2 job until you make enough on the side to pay all your bills each month. 

Modern communities with better balance, access to space, and without sacrificing technologies and connectivity?