When people can't afford luxuries like trips to "exotic" locations, they don't take those trips.

@Nick MavrickI admittedly don't have much knowledge of the foreclosure market but I would imagine it is ultra-competitive at the moment.

The property has been outfitted wall to wall with luxury waterproof vinyl flooring.

With my co-op I do have the luxury of working full time now and I am saving approximately 1500 a month.

I do have some contacts there, specifically in the luxury short-term rental space.

Those factors are causing a shift toward the luxury segment of the market.

Other related reasons include: 1) current mortgage rates mean most buyers are able to purchase a reasonable 3/2 SFH or nice townhome in Oviedo for the same (or less) money than the rate you would need to charge to make the numbers work; 2) the community is surrounded by luxury apartment rentals; and 3) not convinced there is enough of a 'pull' factor - the community is still relatively new.  

Many will deed it into the LLC after getting a traditional loan, but with ultra-low interest rates, I'm not taking a chance on the due on sale clause, personally.  

I decorate them like Hugh Hefner's mansion. 

I prefer units that need work and can be upgraded into luxury rentals.