Currently, a handful of small developers are building one or two luxury homes at a time.

Get a repeatable system in place, then take gradual steps to luxury properties if that is the niche that you ultimately desire to work in.

To illustrate - I live in a large apartment building in NYC, where the high-end and luxury sectors are massively overbuilt.

For. example airfare, lodging, property inspection, appraisal etc. and there is a chance that the deal does not go through.

I hope to be able to buy those luxuries and depreciating liabilities in the near future.Swanny

But coming from some cities in Riverside County, some in San Bernardino County,some in LA County you would find out alot of people would say Santa Ana is luxury city....LOL...Its all perception, you would probably think i was crazy to mention Compton...When you think about the history of the city and what you see in movies, you would run, but guess what, My wife grew in a very nice part of Compton, where there are really nice homes, owned buy older people with good city and school jobs.

I spend a lot of my time helping others and giving back.I just received a Christmas card, a box of Luxury Belgian Chocolates and a $100 Starbucks gift card from one of my mentees as shown below.

Most students who want off campus lodging are usually working and are more interested in their studies than partying.I have had parents co-sign on the lease and the rental app has places for their information.

As of late even luxury listings are getting multiple offers. 

There is scheduled development of luxury apartments right next to the train station and more half way through in South Orange, just next door, has several apartment plans on the way (:-/).