You have enough of a stable income base that you can justify buying in a luxury location and wait for the appreciation.

Unique home, tiny home, full renovation to bring luxury to the tiny home community, location (king st alexandria).

Since it’s also on a corner lot, it will connect the SoMa neighborhood (all their restaurants and business) to the Pettaway neighborhood where $15MM in new commercial/residential spaces are being built on top of a VA hospital remodel to 140-160 luxury apartments (70+MM rehab) that is just 2 blocks away.Willing to share more information at anytime. 

In other words, your price determines the perceived value in the guests mind, no different than a luxury purse fetching $1000 while another brand only $75, even though they are both made out of leather. 

We have gone from self-management to professionally managed by a luxury focused STR team.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

https://photos.app.goo.gl/drAGE6qoQpo2zTmk6 (https://photos.app.goo.gl/drAGE6qoQpo2zTmk6)

https://photos.app.goo.gl/jPLzX8QHq7PRsGo...

Turned out to be a very strong housing market with limited Custom Luxury Home Builds How did you find this deal and how did you negotiate it?

When I managed properties the owner would regularly call me in his office.... why did we spend $1/sqft to paint this apartment, why did we replace a fridge, what does it cost $2500 to do a simple make-ready on a 1 bedroom luxury apartment?

Husband and wife agents with luxury brand, own a construction business, licensed General Contractor, retired army officer, successful spec projects in 2004(money was easy then).

I just installed luxury vinyl tiles from Nucor in a future rental and they came out looking great.