Fortunately, this means that an upgrade does not need to be a mansion or a dream home.Our current plan is to find a duplex or triplex with the potential to generate a little bit of cash flow in addition to acting as our home.  

I have over 10 years of experience in pre-construction consulting and general construction doing high profile luxury residential buildings in south miami.

However, if you happen to have issues with your landlord, you'll have the luxury of an extremely long eviction process.

Some RE asset classes will be hit harder than others (im thinking luxury condo units primarily).If there is one think I've learnt is that there is no predicting.

I could move there tomorrow and buy 5,000 houses if I wanted to.. but I don't want to.. other areas I like better and I would not enjoy the winter months at all.I really liked being there in the summer though down by the lake and if I lived there I would have a nice boat and live in one of those mansions in Grosse Point.. any city is great to live in if you have enough means.. the other thing from a business man perspective is I loved staying at the hotel at the airport and walking through their security line.. most convientant.  

Ultimately, if the seller's interest is getting the best price and they have the luxury of time, I think it's pretty difficult to force them to do anything in this case!

Hey Hashmat, I'm a real estate agent with high end luxury real estate firm, Sotheby's in LA.

You can do this comfortably because your basic needs are covered and you have the luxury of investing what you can comfortably afford into your own venture. 

The DealProperty DetailsOakley, OH (this place has been exploding the past 5 years)the street is one of the last places in Oakley that hasn't been improved (until now :) last year, one the other end of the same street, a investor bought up 10 lots for $650k (average property values were ~$100k and they are building a 200+ unit luxury apartment complexThere are about 5 of these types of complexes that have been built within that last 5 years (3 in the last year)Any thoughts/feedback on buying rental properties near these massive luxury complexes?

This is a good idea, many people starting in this business (like me) don't have that luxury.