There are a good amount of luxury apartments nearby, but I don't think any of them have the ability to be subleased.

In the middle of those two extremes might be a small business with 3 years left on their lease, but they've made improvements to the property that aren't cheap to remove, such as perhaps a dental office (dentists might be pissed that I put them in the mid-risk category, but all the dentists going out of business in 2020-2021 taught us that American consumers apparently regard dental care as an optional and "luxury" spending item). 

He owns STRs and he co-hosts selective luxury properties for other owners too. 

Purchase price: $755,000 Cash invested: $80,000 On going Luxury flip in Broadview Heights Ohio

Located just a stone's throw from I-35, this prime location beckons both travelers seeking transient luxury and long-term tenants, including discerning retirees.With meticulously designed sites and secured permitting, this venture promises to redefine luxury travel and investment excellence.

Standard too luxury, and several other factors vary it wildly. 

Bridge debt is used to “bridge” a property from its current state to an improved state and by virtue of that purpose, the maturities on these loans are short, typically 3 years with two possible one-year extensions (if the covenants are being met).The reason this distinction is important is that if rates rise, property values tend to fall.  

Builder grade or luxury products?

Finishes builder grade or a bit higher such as luxury laminate, run of the mill kitchen shakers. 

Anything that's high priced luxury huge lot sizes, amazing landscaping, bigger garages, and HOA fees is probably A class.