I am a purist that likes to keep things simple and ultra effective with the most simplicity possible.I can see the younger crowds getting into exploring all of this stuff.......... : )

I hear similar ideas that the apartments could convert to condos, but all of the apartments subject to this are luxury apartments that will be such a different product and price point than what I am currently buying for cash flow in Green Valley Ranch.

The offerings that I've seen range from people renting a room in their house, or guest cottage, to condos, and luxury beach side homes, with rents from what a hotel would charge for a room, on up to rates for a suite in a luxury 5 star hotel, or private villa.Condos can be bought probably from $500k on up, houses maybe $600,000 and up... up.. up, to multi million dollar properties. 

In this case, because of the contrast between this house and the neighborhood, I feel like making the private spaces is necessary to keep the high rent, which is competing with luxury apartments 2 blocks away.

Michael, you can build the "space" however, the equipment may be considered luxury items, some banks may let you and other will not.

There are many benefits to using this loan and we will list those below- however please keep in mind that a licensed mortgage originator in your state should do a full analysis to see which renovation product is right for you and your family.Here are some highlights of the Fannie Mae Homestyle Renovation Mortgage: Perform almost any type of improvement or repair including luxury itemsImprovements and repairs can go up to 50% of the after improved valuePrimary residences, second homes and investment propertiesOne- to four-unit homes, condominiums, and PUDS30 year fixed rate mortgagesAs little as 5% downNo mortgage insurance for loans with 20% equityReduced mortgage insurance for loans with less than 20% equity versus a 203kHigh balance loans depending on your countyAdditions and second levelsSwimming poolExterior spa or saunaBuilt in BBQ island and outdoor kitchenBuilt in outdoor fireplaceTennis courtsGeneratorand really anything else you can think of!

Superstars are hard to find maybe 10 to 20% of workers out there.Some workers want high pay and ultra flexibility but that may be at odds with what is best for a business.  

There is a payback if, say, carpet is normal and wood floors are considered luxury.

With that out of the way, my indirect research has led me to a big question for my fellow entrepreneurs on here that have experience with this: -What moves must a freshly brewed real estate agent make to work luxury, preferably for an international firm such as Sotheby's?

We are currently working on an 80 unit luxury apartment building in Elmsford, NY and a model apartment in Yaphank, NY.