If you like the the area and can afford the house it would be like buying a luxury or sports car.

These have all been in the San Fernando Valley.In luxury neighborhoods (Westwood, Santa Monica, etc. for example) that might be different as tenants have a higher expectation given the rents.

We also have some mobile home parks that we are selling and we have some luxury short term rentals.

They're a member of the Small Luxury Hotels of the World organization, which is not easy to get approved for - but which also now means they are on Hyatt .com (Hyatt just recently bought the Small Luxury Hotels of the World).

We are building a 10-unit semi-luxury condominium in Brooklyn. 

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?

Anything over that could mean that the property is overstaffed, or it could mean that management is delivering a very high level of service such as in a luxury property that has a doorman and all sorts of staff that you don't typically see in garden style apartments.

The 2.5 bathrooms have been completely remodeled with luxurious showers and fixtures.

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.

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.