I understand that the market is hot now and it sounds like the US housing market is potentially peaking. the last few years where great here in NZ and trading properties is easy when sentiment is good (anything to do with on-selling deals we call "trading") I'm keen to get in to your Market but not desperate to rush in with the crowds. 

A lot of people in the area are very quick to criticize Niagara Falls because the general sentiment is that the area is bad, tenants are bad, and there is not a lot of appreciation.

Much of the sentiment around under $30k properties that you hear on BP generally (about being too good to be true), is accurate for Hampton Roads too...

This is why Bigger Pockets usually has an "anti-guru" sentiment.

I'm always in the process of failing forward, so I'll gladly add to this convo:- I second, third, and fourth the above sentiments about screening and interviews. 

I think your sentiment is correct, for some.

So to echo @Corey Davis' sentiment, we flip for the "cash" to get the commercial properties for the "wealth."  ....

These people tend to be all over the map on rentals.The third school of thought believes that you should avoid holiday gifts to your tenants as it (1) may give cause to create some sort of reciprocal giving sentiment in a relationship of financial unequals and (2) cause resentment because the tenant believes the money to buy the gift came out of their too-high rent. 

I am also a new investor and agree with the sentiment on this post that older neighborhood tends to cashflow better.

I agree overall with the sentiment that $100/door seems slim, but as @Mike Dymski stated evaluating cash flow in a vacuum is not how it should be done.