Someone who is a very high W2 earner (e.g many of my younger tech friends) are fine with taking more risk, buying lots of OOS, scaling, etc. 

I’ve heard of their full recourse scenarios consisting of personal assets and even garnishing wages(I suppose it’s contract dependent and how sharky they’d guys get).

When that figure was first used the Federal Minimum Wage was $1 per hour and the 1099 requirement represented somebody who worked for you for a minimum of 600 hours. 

We calculated in our head this as 6 people working one day, at $250 per day, highest wage this amounted to $1500 labor, beam $450 with mark up, $2k to $2.5k sounded fair. 

It takes a pretty healthy wage for an individual to rent a small one bed.

Mortgage banking- when I think about the current interest rate environment and regulations I cant help but think this industry is dead for aspiring six figure wage earners.

I personally believe that Pueblo West has long-term potential of housing prices to outpace local wages. 

People want close-in, relatively "affordable" housing as city's become more in favor simply because we are moving away from a city based manufacturing country(dirty and low wage) and into a services country("green" and high wage). 

Starting in Highlands neighborhood (or northside) which used to be a very rough part of town, is now the one of the top 3 most desirable are in the metro and this has slowly trickled down into neighborhoods south.I am an engineer so I love to base my decisions on data, so for example looking at census data, I like to look at % of high income earners in an area to gauge if I should invest or notFor 80204 which includes the neighborhood of Villa Park, in 2010 the % considered upper middle/high income was 4.2% of households. 2022 census says that now it is 40.5%On the other end is 80219 which includes the neighborhood Westwood which would have the lowest income area on my list, in 2010 Westwood had 4% as well, by 2022 it had 21.1% high /upper middle income earners.I have properties in both and tenant applicants are a wide variety (lower income folks on rental assistance to high income earnings wanting to rent in an area before buying a home) so its hard to put a property class in this area. 

Is it common for agents to compensate assistants on an hourly 1099 wage while they are training?