Both have built a significant operation, a feat that is far from simple and is rather rare, the vast majority of TK companies are BS or scams to to some degree, and both have achieved a place in the industry only possible via a certain level of delivery.

FIFTHWhile ownership of Real Estate as an asset has associated cost's of maintenance, the vast majority of vehicles utilized for stock investing does as well.

Guess who is supporting their vastly increased LOI?   

And I agree the vast majority of larger investors started with a nice amount of cash or very robust professional type salary.

I'd also say, if on the vast majority of the deals you look at, the numbers don't work, it's not you - the rest of us are seeing that too.

Congratulations - you've just eliminated the vast majority of properties you choose to evaluate.

The vast majority of them are likely honest, high integrity characters with great advice and a story and information worth learning from. 

When you say California, you're talking about a very large area of land with cities that have vastly different characteristics.

I used to look at Cash-on-Cash, but it's guesswork...returns on paper and actual property operations are vastly different...it's generally impossible to get accurate with CoC unless you are buying with cash...even then, it's not a good indicator of value...my personal first level filter is the relationship to purchase price and rents...I see too many investors analyze themselves out of the market because they cannot get their number to work...

I have started to see that "Generational Wealth" is the source of instability for a lot of immigrant families as well, it's very different even when a legal immigrant has no "generational wealth" compared to a family that's illegal but has vast generational wealth (doesn't matter where the wealth is located because wealth is very transferable these days).Also what you mentioned above is true and it's why sometimes upward mobility class can't happen....