In addition, Downtown has added a ton of new luxury buildings to satisfy the demand, but again they are mostly luxury rentals.  

After all, if you need to cash-flow to sustain and grow your portfolio you don't have the luxury to wait 30 years until your mortgage is paid off...Sowhat is my advice for new investors that are just now thinking of entering the Stockton market?

My partner previously worked in PCB, but they were in the luxury rental market and it was very seasonal.

On the same street as my property are brand new luxury apartments and run down crummy houses as well.

You want to "blend in" into that area, meaning you're not luxury condo in a C class neighborhood.

I don't do what luxury home agents do either.

If the area is in need of luxury units, then fewer, nicer units may be optimal.

Granted the amounts invested are greater, the time to complete the rehab greater, and the time to hold while marketing for a buyer (smaller buyers pool in this arena) is greater.I can flip one luxury home here in CA and make multiple 6 figure incomes while another must flip 320-30 homes to make the same amount.

However, I wouldn't want a luxury priced house cash.  

We are about to finalize a contract on a very nice luxury attached villa , situated in a gated golf-course community.