For example developing a luxury SFH

Very few new built have a formal living room but I doubt it's because we just don't have a luxury to have it in the bay area :)   

I posted something two posts about this to Laticia that explains why I don't have that luxury.

By the time your 30 you will want to flip large apartment units and mansions!

My visits in San Francisco and Washington DC last year have definitley opened my eyes to what expensive real estate can look like, even smaller homes that are far from luxurious.

I have only seen rents go down on uber luxury stuff when times get tight.

Any thoughts on reglazing bathroom tiles and also luxury vinyl floors for the first floor?

If all is right, being ultra conservative, including a 13% vacancy discount  consistent with the office submarket into the mix (gross rents are reportedly 324k/yr - 13% vacancy for submarket = 282k rents - 104k in expenses), w/ 30% down at about 5% it'll cash flow about 80k/yr. at 2.35m - again being ultra conservative given its 100% rented.

Because I assure you MANY of us who own luxury loft buildings in cities like Buffalo NY ..Rochester NY  and Manhattan NY  do not restrict breeds but go case by case. 

The idea would be to serve people anywhere that need help but don't want to engage a full-service, luxury designer when you need to save money on a reno or flip.