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

Probably need a full time manager, but not really big enough to do that unless the rates are super luxury I would think. 

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.

They are coming to your property if you allow them or not (you cannot forbid service animals) Consider the facts: https://www.dogster.com/statistics/pet-travel-statistics-tre....Top 12 Pet Travel Statistics78% of American pet owners travel with their pets each year.54% of cat and dog owners plan to travel with their pet.58% of people would prefer to travel with their pet over a friend or family member.52% of travelers base their travel plans on accommodating pets.About 75% of luxury, mid-scale, and economy hotels allow pets.In 2019, a total of 404,556 animals were transported by airline.Nearly 64% of travelers prefer to travel with pets by car.42.9% of people look for a destination with hiking and fresh air for pet travel.Dogs make up 58% of the pets traveling around the world.37% of owners take shorter vacations because of their pets.10% of travelers have hidden their dogs to travel.27% of dog owners go the extra mile for their pets.

Upgrading FloorsReplacing old carpets with hardwood, luxury vinyl plank (LVP), or tile flooring adds a modern touch and boosts ARV.

@Mike Lambert That is highly dependent on a multitude of factors like size/luxury class/location/housing type/owner restrictions/etc.

Here in mid-west flyover country, rents are still creeping up and almost all the development has been luxury rentals (mostly by Redwood).

Most new construction in Austin are luxury new apartments.

@Matthew Cervoni Unfortunately, you don't have the luxury to choose on which schedule you want the rentals to be reported (Schedule C vs.

Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.