It's the complete opposite where I am - no one will sell their existing homes because they won't give up their ultra-low rates.

Networking with luxury RE brokerages will probably fast track you as well. 

When you're first getting started, you may not have the luxury of limiting your exposure in any one real estate investment to 1% of your total net worth.

and these places are not luxury apartments but more older half of duplexes. 

Use sheet vinyl or luxury vinyl tilePlease don’t use snap together laminate or carpet.

My last 2 purchases and the luxury cabin I am under contract currently are all at least class B.  

The peer to peer lending platforms as well as the real estate crowdfunding platforms are not having their investments chosen by Warren Buffet, or for that matter any money/investment manager employed by the big pension funds, endowments or ultra wealthy individuals that RDPD is always alluding to.  

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

In real estate, mentorship and support aren’t luxuries; they’re essentials.

I think every market has those luxury areas that pricing is multiples beyond what any average person in the market can afford.