Where I live in Incline Village new builds are 1500/sqft and that doesn't include the engineering and architect costs.

This particular parcel, which had once been part of a small village from a few centuries back, had also become the area where we stockpiled fill from the other projects. 

At a local REIA you might pay anywhere from $20-$100 to hear from a local guy that knows 10x more about local investing than any national road show. 

The other "economical" areas are going to be more management heavy (think cheaper houses that are expensive in the long run) and the A/A+ neighborhoods will be very difficult to get cash flow (think Elmwood Village or Hertel Ave duplexes that are $350-400K but gross $3600/mo on the top end). 

After speaking with a few friends and realtors, I've been advised that the West End, East Atlanta Village, and East Lake areas hold great potential, particularly for higher rents and positive cash flow (>$2,800+).

It is near economic hubs like Nationwide Children’s Hospital, Ohio State Campus, and New Albany.Turnkey properties are popular in Old North, Merion Village, Southern Orchards, Old Towne East, Driving Park, North Linden, North Hilltop, Franklinton, Reynoldsburg, and Hungarian Village.For BRRRR and Fix & Flip, consider Eastmoor, Hilltop, Whitehall, and Linden.

You might get it for $400,000 if you have that much cash, but it likely won't go for $50 or $100.You can read some of your state laws here:https://dor.sd.gov/government/county-treasurers/Don't ever waste your money on a nationwide trainer or a travelling road show in a hotel ballroom. 

Little Village.

We own a 1911 single family rental in a quaint country village 30 minutes from the city.

@Gregory BretonMultifamily properties in South Florida, such as Fort Lauderdale's Flagler Village and Miami's Hollywood, can significantly impact returns.