I am currently traveling in Vietnam and the potential for success as a vacation rental/AirBnB looks appealing, provided the ability to purchase and manage a luxury apartment remotely is available.

I think it partly depends on your price point and style of rental, as in, is this a fishing cabin or a luxury retreat?

If the answer is yes, then you know your demographic can have no problem getting approved for the loan.Another important part to take into consideration is HOA holding costs on high end condos can be close to a $1000.00 I had two luxury condos a while back.

These are some Wealth Creation Strategies that the Ultra Wealthy employ all the time as their biggest concern is Wealth Preservation.I know this was a 30k foot overview of the possibilities but like I mentioned, it would take a very long post including charts and narrative to go over the "fun" and being honest probably way beyond the scope of this forum.Get with a strong Attorney, Estate Planner and CPA to put the game-plan in action.

Unlike banks who apparently makes rules as they go, you don't have that luxury. 

Good property management allows you the luxury of managing from afar...As far as making these connections, keep being active on sites like BP, that is how I met my current business partners on a 32 unit deal in ATL.

Then I would restore it rather than knock it down to build a mansion.       

Other luxury hi rises are being built but too expensive not my target audience.

If you were doing hardwood I would do it throughout, because that will bring much value.I did a lot of research on luxury vinyl tile and it really doesn't increase property value.

During both I was shocked to discover a lot of unethical / fraudulent practices by licensed RE professionals.1) Rental fraud - While marketing my luxury condo in a building with very low inventory I caught one broker advertising my friends condo unit in the same building without her knowledge.