Also-- do you recommend ultra or regular?

@Jim Hiler  I don't do ultra high end.. but I do some mid rise stuff and I did do one  5,000,000 dollar spec successfully.And I am a RE broker. 

I call it TROUBLE PREMIUM.A friend of mine has been buying ultra cheap houses for a couple of years.

This is an ultra high-risk loan especially because the market is slowing and lending is tightening up.

Anyways, fast forward to 2011 and those investors decided to liquidate their shopping centers and instead build ultra high-end luxury homes in Los Angeles.  

The investor backers with the family offices are ultra high net worth ( hundreds of millions to billions in wealth ).When you have that kind of money you do need to squeeze immediate return.

I think the market supports this as some 2 bedroom house around me go for 1.5+ and are very hight end, some of them even ultra modern which I love.

@Dan C.It will be harder to rent and harder to sell.I avoid any street with a double yellow line, commercial areas, mixed use, noxious neighbors, ultra small or ultra large houses.I want properties in residential areas with good schools, low crime and predominantly owner occupants.

The allure ultra that I just installed required a very flat surface.  

By 65, he managed to have a portfolio that put him in the ultra-high net worth category (~$20-30 million).