I am a luxury watch dealer by trade, but I've been looking to get into real estate investing.

Also it’s a luxury market and with that you’ll need luxury amenities.

People kill their baby money soldiers too soon, and they kill them by spending them on luxuries, like you describe.To me, it comes down to mindsets, the poor, the middle class and the wealthy mindset.

It’s not luxury by any means but has potential.

Louisville seems to be becoming saturated with "luxury" apartments, so my guess is that the <$1000 rents are a solid bet. 

Last year we supported roughly a dozen luxury STR investors get their coastal beach homes launched, and so far in 2024 five out of state SFR STR investors and one two unit STR eligible property pending.

One luxury HOA community offering healthy oceanfront listings for sale and exceptional amenities while allowing 30+ day rentals is Salishan Coastal Lodge Resort in Lincoln City.

Purchase 1:  3 bedroom 3 bath condo in a *luxury* complex. 

I’d like to turn my primary residence - $225k townhouse (3 bed 2.5 bath) - into a rental and then go on and rent a $2500/month luxury townhouse.

Developers have already started renovating old buildings and turning them into luxurious apartments.Be careful of where you decide to invest though because some bad apples have been coming to the area and causing trouble.