I'd say he's new here and hasn't yet taken in the vast spectrum of investors' experiences we have here.

Sohrab,I am in the business and in Houston compensation for property management spans both spectrums

Shaun can't totally agree there, you may be familiar with your institution, but we try to speak on a wider national spectrum. 85% LTV on a SFR will have PMI and they too want skin in the game, PMI goes away generally at 80% LTV.

It's crazy to see such a wide spectrum of values.

I live in a upper-middle class neighborhood and my familiarity with housing is mainly around where I live but I'm thinking that for wholesaling I should be looking at middle-class and lower on the socioeconomic spectrum.

I am here to try and learn from people who seem to be at all points of the spectrum when it comes to investing in real estate.

We're having a casual meetup on Wednesday at Champps in Troy - details athttp://www.biggerpockets.com/forums/521/topics/115567It's a great way to meet others at all points on the real estate investing experience spectrum.

For the investment home, given our income and savings, we could simply purchase a duplex out in Long Island, which, in a lower class neighborhood, could be had for $300k-$400k, and rent out for $4-$5k a month total.Or, on the much cheaper end of the spectrum, I've been looking MFHs in Northeastern Pennsylvania, that go for under $100k and rent out for about $1k-$1.5k total (the best of these properties that I've crunched the numbers on cashflow at about $500-$600 a month, after PITI and property mgmt fees, but before any CapEx).Obviously I like the cash flow numbers on the more expensive homes here, but since we're looking at buying a home for ourselves in the next couple of years, I'm not wild about having that much capital tied up.  

If you decide against the ADU, from a purely economic point of view, using the cash you already pulled out, then investing in a lower cost market like OKC, you could (by staying in the lower end of the spectrum) have more rentable units and thus a higher overall return.

I'm on the lower budget end of the spectrum and just can't justify paying for professional photos.