Vegas SMF is almost always the exact opposite of that. 30+ year old buildings, in less desirable neighborhoods, with flat/flatter roofs and often with shoddy exterior siding. 3) The ideal SMF would be one of those brick mansions they build in the Midwest that look like new for 50+ years, in an area with better weather.  

In the NYC there's something called the "mansion tax" which is applicable to just about most of the MFHs in the good areas.

I grew up with landlords as a kid and also thought they were super rich and living in mansions.

It's got everything from $250K townhomes to $5 million mansions and great rental histories.

A small mansion on the beach. 

I think it is market dependent.Our first STR was a beachfront mansion in foreclosure and the owner was happy to oblige and rented us the house for $5,500. 

And, based on some really basic math: if that lifestyle costs $2mm/yr (the leased/financed G5, the FL and Malibu mansions, etc) and the typical core multifamily deal kicking off 4% cash on cash to LPs (if that), we could all have that lifestyle too.  

They enter a quickly spiraling fraud that goes way beyond their control.Level 5 - The sponsor, originally intending to operate honestly, enjoys an initial period of great success leading them to significantly changing their lifestyle and incurring a lot of debt for mansions, yachts, trophy spouses, etc.  

we bought a 3.4 build mansion from an NBA star that had fell on hard times.. we had 2 weeks to payoff wells fargo 1.7 mil and this B Baller owed 3.5. 

I've got a 7 year old daughter as well who wants to own mansions lol. smh I believe there’s a huge opportunity to empower more young people with the knowledge and tools they need to get started in real estate investing.