I would also target ones that are ideal for renting out when you move out so maybe do a lower price point. 

I know there is of course no set rule out there but just curious on folk's experiences.Also curious to know folk's thoughts on what the CONSERVATIVE median $/sq ft for the Los Feliz / Silverlake area on LA is.Thanks all!

First thing I recommend is to figure out your target market.

We diversify, but because we are active investors, limit our diversification to assets we believe we have a competitive advantage and are able to obtain our targeted “premium” return.  

BUT, there is also the chance that it comes in at or near your target.  

Start by reading Rich Dad Poor Dad and Set for Life to shift your mindset, and remember that your first deal or breakthrough networking moment will boost your confidence.

We had a call set up for a Monday in December and by Friday we found the house we wanted to purchase through them. 

This step by step process is all laid out in Scott Trench's book "Set for Life".

These solutions can make a huge difference, and the long-term option will really help set your STR up for success.

Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.