I know this is a bit late, but Lafollette is a lower income area by nature, so you know how the possible choices of tenants will be due to that. 

That's just human nature - get over it... and, yes - I missed seeing how vilifying people does anything to help them at all.

Naturally, I have no idea where the subdivision is, and can only base my assumption on your location in your profile.Happy investing,Troy

Meetup.com is my go to for meetups of this nature.

I am looking for some sage, tried and true, advice when working with higher dollar properties. 

In North Carolina, one of the several criteria you need to work outside of those regulations, is if you lend money to an entity (non-natural person).

And human nature is not happy regressing in style/quality, so they will pay less in price (keeping a comparable monthly payment) for the same quality.

I'm not a general contractor but we are specialized in natural stone and Quartz countertop.

Has anyone had an issue of this nature?

You have to treat them as god, and don't ever give the impression you're trying to do the minimum.I'm sure you will follow strict standards: sprinklers, handicap access, natural disaster or flood protection, stormwater management for impervious surface (might need substantial room for a settling pond).