I see a lot of you in here have success stories but keep wondering if real estate is truly as luxurious as it seems.

Luxury rentals where you buy shares and get a return.I personally like owning the places.

Purchase another 'luxury house hack' like the one we currently live in.

This gives you the "luxury" of house hacking without having to rent the bedrooms separately. 

I am a server living in employee housing for just over $100/month, 2 hours away from both Fresno and Visalia, the closest major cities to me, with no cell phone service but dependable access to internet and a community landline phone using the lodge.

. $25-$50-$70-$100k down and a positively cash flowing asset as opposed to losing .5% per month for the luxury of keeping it in risky banks, stocks or bonds.

before you do this, read these two threads:http://www.biggerpockets.com/forums/52/topics/66798-rental-upgradeshttp://www.biggerpockets.com/forums/52/topics/69512-ways-to-increase-revenue-from-rentalsThese days, tenants can only afford what they can afford - they have enough little luxuries that cost them (IPhone, IPad, unlimited data and text plans, etc) each month.

.- Make Type 2 STRs and non-owner occupied Type 3 STRs subject to federal ADA requirements as commercial places of lodging for the first time (this would essentially ban all of these STRs).- For any STR application or license renewal, require both owner and property manager to certify that they have no outstanding code or APD violations within the last two years.Here are links to more information on what Austin City Council will be discussing and a petition you can sign, urging council to stay with the existing 2012 regulations.I urge anyone in Austin who is concerned about this issue to attend the city council meeting at 10:00am on October 15.

- HuhWhat type of real estate strategies did you pursue - Luxury flipWhat was the corporate structure?

Looking for a flip, versus a luxury new build are two different worlds.