The shift in rate environment could also accelerate the luxury STR market as inventory is exceedingly low and jumbo rates have fallen precipitously. 

They are managing their own STRs like a luxury hotel, implementing renting strategies similar to NYC and LA where they are renting out rooms and targeting schools and traveling nurses.The clients I have that want an auto-pilot property to do well are not living in reality right now.

Hi Sean..fellow Canadian born in Oakville here..I work with international investors regularly here on the Oregon Coast primarily with coastal luxury STR’s and multi family.

My goal is to avoid luxury or extremely expensive communities, as I believe the rental income wouldn't justify the high property prices.I'm particularly interested in up-and-coming neighborhoods with significant potential for property value growth.

Also, what improvements would you need to make to get more rent if condition is an issue.PM is a luxury.

A few sellers in luxury markets care, but they wouldn't remember if it was not for the sign in their yard.Don't get into analysis paralysis when choosing a brokerage.

Many newly build, luxury high rise condos were not qualified for any financing because the building didn’t have the required number of units owner occupied as required by Fannie, Freddie, and individual lenders.  

I have customers that regardless of advice still want to buy in high end neighborhoods and buy luxury homes and hope for appreciation over cash flow.

Our BR house is way more luxurious and has more activities, but our Morganton house has an amazing view and it books more.  

Also, I'd love to talk about the our new luxury style short-term rental retreat that I purchased with other investors in Costa Rica.