A lot of people will pay $1200/nt for 4 crappy budget motel 6 quality rooms at the All-Star resort rather than $175/nt for an 8br themed out mansion with a private pool, theater, and $30,000 arcade room.To answer your original question on investing over a long-term period, that is really this market's main strength. 

I know when i travel to hotels ( which is almost every month) I check for coffee pods and will choose hotel that has them  then i bring my own pods LOL  unless its a real high end hotel and they have the ultra coffee makers  do your cleaners know how to clean the water repository on a Keurig?

In one deal referenced the poster highlights a major potential conflict of interest as Capella supposedly used an appraisal generated by the borrowers without disclosing this to investors, who later invested $3.9M to finish a luxury home Capella claimed was 80% complete.

Luxury vinyl plank (LVP) is a cost-effective choice for flooring, offering durability and a high-end look.

Hopefully he finishes this rehab in February as I hope to have him set up an out of town, large (over 3000’) luxury STR in the spring.When he completes that effort, we will be concentrating on getting him a property in San Diego which as everyone knows is very expensive.  

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

The Condominium is high rise new building w/ high service luxury amenities including concierge services, valet parking etc.

He owns and co-hosts luxury STRs, and has a lot of great advice on what to look for and where to invest, how to be a great host or co-host, etc. 

I know its a Massive catch 22  how do you start.. and what is the proper amount of reserves to have.. but as your gently alluding to anyone using ALL their liquidity and thinking one low end rental is going to get you to your as Morris calls it  ( Freedom Number)  this is ultra high risk.. much better to simply buy a REIT and let the pro's manage it.The risk of owning these assets is just not clearly talked about...

It is pretty pricey IMHO for some but worth it as a luxury kitchen item.$349 - Breville the Infuser Espresso Machine - https://www.amazon.com/dp/B0089SSOR6Now this is a semi pro level espresso machine.