The potential headache is when there is a recession, the over built luxury units may drop their price, competing at a lower price point.

(doing 5.5% since investment property is a bit higher and we arent likely to stay at these ultra low rates forever).

@Steven Navarro  based on 9 other 3 bedroom units within 1 mile - they are getting on average $1400 - $1500 / month per unit - you may be able to go up a little for a brand new build - but the chances of $2400 per unit are slim to none - you can rent out a mini mansion in Clovis for less than that.

Based on your knowledge, wouldn’t you say $50/unit rent increase is ultra conservative? 

Unfortunately, I don't have that luxury today of people who have enough funds available to help me out in my situation.

I have three Luxury rental properties that we’ve paid roughly 30k in interest and another 24k in taxes on... my tax guy said he didn’t need the statements because it no longer makes a difference for deductions.... does this sound right?

Most of it is for multifamily apartments but these ratings flow into single family rentals too.A class = 0-10 years old, luxury apartment class, full amenities, great neighborhood, schools, etc.B class = 11-25 years old, several amenities, well maintained, good neighborhood and schools. 

I'm secure; roof over our head, food on table, wife/kids enjoy minor luxuries here n there, school activies etc, and while saving 15-20% income each month. 

This is nothing more than the ultra liberal politicians that are currently in control bribing the voters to keep them in control.

Found Ultra Maris Capital on bigger pockets.