With this strategy, good areas can be every area, as some of your list could be low income rental buyers, while others are luxury builders.  

Main problem I think will be the number of buyers looking for large lots for a luxury home.

That's a more complex question that it might seem.Folks who make commissions off buying and selling houses love the idea of buying a start house, a move up house, a mini mansion and then a move down retirement house.

that is a very good point (like all feedback above). here's how my mind works during the process. tell me what i am doing wrong...1. i finance all properties, so i need 25% down (55-75 purchase). that equates to around 20k at closing.2. spend around 10-15 ti fix up (so total of around 35k to get a house and get it ready)3. last house a contractor wanted 5k for: 10 interior doors, 10 cabinets with custom laminate counter, fix some plumbing (minor), dont even remember if the paint was included, blinds. i dont think it was. and that's just labor. not materials or anything.4. my holding costs are cheap - around 250-300 per month.since it takes me a awhile to gather 35k, i have the "luxury" to do stuff myself. also, the contractor wanted around 5k to do the work... that would be around 1yr of holding costs.but yes... i know i am missing on potential rental income. does this make sense?

I'm still learning the Austin market and everything seems to be ultra competitive which may push me out of this market for rentals if deals can be found that make the numbers work.

SFH, Condo, Seafront, Mobile home, Luxury home?

, 225K generates 500/mo after 33% taxation$2200 rent - 500 = $1700/mo cost of living (ultra worst case)At a 7% return after sale for 575K sale (best case scenario), the 245K generates $957/mo after taxes

Even luxury buildings and luxury stores.

I don't know that it was quite that simple, but in essence it's true.I had no budget apart from what was in my bank account, no experience either as a trainer or business owner, getting started in luxury industry (a relatively obscure one at the time) at the cusp of the Great Recession.

I don't know much about Philippines except for the fact the luxury condo high rises are very "IN" right now.