New developments in Manor, East Austin, Georgetown, Plufgerville, Cedar Park, Buda and Kyle are seeing new luxury devleopments that offer a luxury lifestyle without the excessive rental pricing you'd see near downtown Austin. 

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

But this week we are fishing and at the lodge..

One of the complaints from the Feds in the lawsuit I am involved in is that the culprit was living luxuriously beyond the means of his earning.

I don't know if you're aware but luxury hotel rooms are often super cheap in that country so I'm not sure how you'd compete and make any decent income.

I own a top 1% real estate team and we make good money mostly in the luxury segment, (which BTW is not an easy job, you are welcome to give it a try)  but the by far bigger share is still from our RE portfolio.

I told them when they moved in the hot tub and AC were luxury items that came with the house, but if they break I would not be repairing or replacing them.

This code allows property owners to avoid paying capital gains taxes when they sell investment property and reinvest the proceeds into another investment property through a qualified intermediary, within a specific timeframe.For context, we support about a dozen luxury STR investors annually acquire Oregon Coastal vacation rentals with the majority of those clients originating from out of the area or State.

I'm in the Reno Tahoe, NV area and there are buy and hold opportunities, some flips, and luxury STRs.  

If you have a luxury home I think this model could work quite well, but otherwise it's very hit or miss and I don't think you'll get substantial income from it.