If you have a luxury home that says NO FHA than their realtors will be calling you asking you why not FHA.

I'd do the pro remediation and ultra documentation for this property. 

I'm learning the rules here as quickly as possible, but I don't have the luxury of being able to travel to other counties to attend auctions.

Victorian Stone Mansion Overlooking Historic Sharon PAdjzaben ( 39) Item condition:--Sale Date:May 09, 201114:30:52 PDTBid history:30 bidsWinning bid:US $250,100.00

Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (currently 44.75 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Recreational Vehicle Tax Sales Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax STILL THINK THIS IS FUNNY?

Recently a pre sale building in the downtown core (premium, high rise, luxury building that won't be completed until 2019) sold out in a week (after foreign buyer tax was implemented) and some of those units were up as high as $900 per square foot.Things were going crazy here fast so I think the cooling off period is good but I don't think we'll see any kind of substantial long term drop in the market.

Additionally, we have participated in two luxury flips, one in Ladera Ranch, CA on one in Fairfield Beach, CT.  

In most markets in major cities its a sellers market so if you are going to look for a MF or SFR you need to make sure to be very very selective and dont rush into a deal just to have money placed...if you rush to place the funds you might get lucky and get an ok deal but more times than not you will not...and it sounds like you have the luxury of time to be selective.With brexit and upcoming elections theres higher risks of recession in the USA, so why not take 25% of your money and put even amounts of money every 3 months across 2 years into an SP500 index fund some ETF etc and just slowly invest your money. 

The area is a C / C- so we are avoiding dumping luxuries into the proerty that higher classes may demand.

Having said all of that, it is a business, and because of my circumstance I have the luxury of both making money and helping people at the same time.