If you are looking at a high end or luxury property, it's more likely that the play would be to flip, but that's about the only exception.

He recently left a Ultra High Net Worth Serial Entrepreneur within the Seattle area who he took from roughly 175 million net worth to 400 million net worth in his 3 1/2 years of employment.

I bondowed the dents in the front door, scraped popcorn ceilings, trimmed the trees, replaced the floors (with luxury vinyl plank long before it was the fad.)

And actually decided that I wanted to do a luxury house hack, as I wanted to upgrade my life.

Here it is...the year is 2007We are produce farmers FIL sells farm-we have basically zeroHusband under-educated /only job he ever had (46 yo)I took our lives into my own handsTraveled upstate (NY) Bought a house for cash WITHOUT TELLING HIM (425K)Ummmm-where the F am I getting that moneyWent to local mall with my 3 girls-called him from my flip phone to break the news- he fell silent BTWDrove back home (near NYC)Sold my house for 500k to a mansion owner close by (look up GLENMERE MANSION)Got my RE licenseFound my husband a job-he obvi couldn’t use a computer We are still in that houseWe’ve only lived in 2 houses I now buy houses regularly WITHOUT TELLING MY HUSBAND Because that sh*t is funny.

These will be priced in the low luxury house market category, which is a little softer right now, so another reason for not doing a spec build.

I've built luxury condos, hospitals, and office buildings.

in Tokyo thats a mansion LOL  good luck with it.

I would replace the carpet with luxury vinyl - it looks just like wood if you buy a good quality luxury vinyl. 

The market here has reached a point of being ultra competitive.