Some flippers have a few sets of standards for each price point (low end, mid range, luxury).

If this is some mansion that you rent out I'd sell it. 

I purchased the paint for another job had $150 in the 2 5gallon buckets of behr ultra, $46 in ceiling paint, 2 shower valves at $55 each, drywall at $64, insulation $60, plumbing fittings at $23, tile was $100, $60 in door knobs, I payed my employees for cleaning all 4 units out, painting 1 apartment and half other, tearing out paneling and insulation, re install new insulation and hang and finish drywall, install 2 shutoff valves and install scald proof valve.

What are all of your thoughts on what's going on with all of these "luxury" apartments being built?

The second floor will be rehabbed and converted to 4 luxury apartments which once completed will bring in an additional $33,600 conservatively.

I do have the luxury at my age of living in a house that is paid for so my train of thought says to invest in rentals while I have no mortgage and no kids.

Hello, I am in the process of finalizing a deal in East Austin (Texas), that involves building a 30 unit luxury condo's and wanted to get local investor input who have built MFR (Apartments / Condo's / Duplex / Four-plexes) in that area [East Austin / Downtown or South Austin]. 

Want to focus on making this one ultra-profitable?  

There is a gorgeous new luxury condo that has just been put on sale in Tulum.

I do not see how even high quality RE would offer much liquidity in a tumultuous environment ... beautiful mansions in Beverly Hills could not easily be sold even at steep discounts in 2008.