I think it is market dependent.Our first STR was a beachfront mansion in foreclosure and the owner was happy to oblige and rented us the house for $5,500. 

It's not a hotel, the houses won't be perfect (unless it's new construction or luxury). 

Think family-friendly, bachelor party crowd, traveling nurses, to luxury retreats.Competitive Market Analysis: Conduct an in-depth competitive analysis to help increase occupancy rates and distinguish your properties from the competition.

These questions are specifically in reference to Single Family Homes, Luxury, Duplex Rentals, Small Multi-Family 6 to 12 units and Long Term Corporates/Company Rentals - we do not do Short Term or Month-to-Month Rentals.

However, many things that you didn’t even consider luxury will now become the things that you don’t have.

Outside of real estate, I enjoy ultra running, taking in the outdoors however I can.

Your neighbor across the street has a 6 car garage and mansion on the waterfront, and you are taking bottom end renters.Too bad you could not figure out a way to get more rent for it.

Market the unit as having a kitchen + wet bar (eg, selling the not-a-kitchen in the not-a-unit as a feature) and being some sort of "luxury penthouse apartment" or something.

So with 20 Doors, next move was another 7 Doors but having seen the hustle of property Management, Iam about to shift to STR or very luxury appartments or Commercial RE.

An old tv infomercial championed you to get rich quick and sit on the fan tail of a Luxury yacht sipping a tall cool drink surrounded by swimsuit clad models.