run a rentometer on your property. you should easily get $2500 /mo unless your lease started at a slow time like Christmas. my neighbors are both paying $2600/mo for 3/2 and a 4/2 in Rancho below baseline but above foothill. above baseline gets even higher rent. most apartments are 2200/mo at least here and a few idiots I know are paying $2800 for luxury apartments.

Luxury vinyl plank flooring and no carpeting work great for me and tenants love it.

There are however an unexpected number of very wealthy and even ultra wealthy individuals as there is throughout Asia. 

My guess is that they will carve out a lot more of the luxury market and appeal to bigger property management companies that have money to burn.

Maybe some 11-12%, but that's on the ultra high end. 

California the added risks would be dealing with the crazy landlord tenant laws might dissuade me a bit but renting property in those ultra Blue areas dissuades me and many others in general, lol.One time we had two tenants in a single family home.

I'm sure fellow BP members can agree that having tenants pay your mortgage, generating passive income, tax benefits, and the opportunity to build wealth are major luxuries behind this remarkable investing strategy.

Like Park Avenue in New York where ultra-high net worth individuals would buy million dollar condos, but this is far beyond the A location that I typically use for an apartment complex.B locationA B location might be an area that is up and coming, and where people are moving too.

I have never had an issue with Behr Ultra and it is my brand of choice.

I have done projects anywhere from a 42 stories luxury high rise, luxury retails, hospitals, school, and to smaller tenant improvements.