Zillow also rejects listings for buildings with more than 50 units (Usually luxury condos fall into this category).

Justin Lallatin I happen to think based on the homes you want, Lallatin Luxury Homes has a nice ring to it.

You need a short term lodging license.I was involved in a ski club that purchased a house for member use and they spent thousands going to court over the fact that we were not hotel or lodging establishment even though people were charged by the night for use.

mini-studio-investment/c1kkiThe developer is called "North Dakota Developments"http://northdakotadevelopments.com/project/great-american-lodge/The location for the mini-studio project is close to Watford city.The capital for this investment is not very large comparing to SFH, $54950 vs $244950.

@Brandon Turner repairs with a 203K loan must "add value" to the property, and cannot be considered "luxury items."

The building would need a lot of work but an investor could raise the ARV much higher if they converted them into luxury condos and sell them individually.

You can deduct everything off your taxes ( flight, lodging, rental car, gas and food).Good Luck

It gives buyers that sense of luxury and a getaway.

I have seen a few changes with the addition of some luxury condominiums on main street and it seems like they are finally going to attempt to revitalize the shopping center with the bowling alley and movie theater on the east end.

However; I think because of the location, Close to the beach, new outlets, restaurants, Metrolink/Amtrak stations, and a high walk score, etc. it would make a great luxury VR.