In competitive markets like Indianapolis and Kansas City which I am most familiar wity, demand is high and inventory is low so there generally isn't the luxury of time to go see the property before putting it under contract.

But with the addition to go into luxury high end and commercial buildings I know for sure I can reach that number if not greatly exceed it.

Here is a little background: This is a 3 bed 2 bath built in 1984 Location: Eden Prairie MN Market value: Redfin = $204,504 Bought for $186 k in 2007 To make it rent ready, we are in the process of removing the very old carpet in the living room, hallway, kitchen and dining room and replacing with smart core luxury vinly with hardwood look.

Travel is a luxury, not a necessity.  

I wouldn't have this luxury if I just had a duplex in Seoul.Those are just my thoughts.

We have used Luxury Vinyl Plank from Home Depot.

Hello all - I'm considering doing a luxury house hack in Cape Coral to get started in that area.

@Julie McCoy Do you have one of the luxury cabins out there?

keep in mind I am at the end of my real estate journey so ultra conservatism is the rule for me.. although I can say never used my equity in a home for future financing..

My partner and I run a team in Sarasota, we specialize in luxury, commercial, luxury auctions, and investment properties.