Have seen some price reductions from asking rents or higher priced segment of the market. 

For illustration purposes if I were given the opportunity to finance my construction projects at 8O% LTC full recourse or 70% partial recourse I will select the higher levered recourse option because have confidence in my projects knowing the debt is sub 60% LTV and want the benefit of leverage. 

MULTI FAMILY HAVE HIGHER ROI AND CASH ON CASH RETURNS.

Some higher end beach areas like The Bluffs here people are opposed to STR and you could be met with some hostility. 

-Do the area demographics support occupancy and higher rents (population growth, low unemployment, low crime, increasing wages)?

ARV (maybe in 2018 - it would be much higher today) was ~$600k so we wanted $420k.  

You'll also pay about 1% higher interest on an investment HELOC. 

And the agent license was same, I didn't want to represent clients, so the ongoing cost and time investment was not worth it.I had never heard about lenders allowing higher LTV, or anything like that simply because you have a license.  

That way I know with less equity upside upon renewal or backfilling the higher cash flow helps make up for some of that with the overall return.  

I would not put Luxe in any STR, even a higher end one as I feel the standard is comfortable and nice.