A kitchen and or bathroom remodel is going to be much more expensive than a bedroom remodel.Using a Cost per SF can be a handy quick rule of thumb for estimating rehab costs, but only if you understand the Scope of Work, repairs, materials, level of finishes, etc that are included.Shawn does very high-end luxury rehabs in Los Angeles (correct me if I'm wrong), so his $ per SF values are substantially higher than what I am paying for my average grade rehabs here in suburban KC. 

As a rep for LVT products  for over 30 years I'm telling you that one it voids the warranty to use carpet padding under it; two any pad put under a click lock floor MUST have an ULTRA high denisity and be very then, nothing of which you are going to find in the realm of carpet padding.

I've been employed with a small start up company for just over a year where we do short term luxury rentals in Denver.

Last year some agent sold a luxury house via auction it sold for 10 million and the house had a 10% listing commission.

:@Charlie Moore income equal to 3x rentNo evictionsNo violent feloniesNo major credit discrepancies  Do you rent in the lower to middle income sections or more luxury????

First of kind luxury condo in south shore of Montreal (10 min train ride to core downtown montreal)III.

I appraised a mansion in my town that was 5,000 SF.

The tenant is motivated to stay because they locked in ultra low rent in options.

If you are a ultra conservative investor, if you have surplus cash you have no use for, if parking surplus cash is your goal, if earning minimum return on your cash fits your investment plans, if you intend to sell as soon as they are paid off then these are all good reasons to force yourself to save money where you can not easily access a 15 year loan is for you.

There has been a ton of luxury condos built in that area and in Scottsdale, and the prices seem to defy reality for what you're getting (No land, no driveway, shared walls). 500k+ for a townhouse/condo as a personal residence is one thing, but it seems like a lot to spend on a rental property when you can only rent it for around 3k.