Selling just 1-2 homes a month is not going to allow most realtors to live that luxury lifestyle.Brokers are not going to take the majority hit so it will trickle down to the agents who already feel over worked showing multiple homes.

KC get 35M visitors a year that spend over $1.4B on lodging.

I understand there's an aspect of appreciation-based investing for homes in California along coastal areas however that seems like a luxury considering the capital that would need to be involved in order to hold a property with no income-producing aspect; most definitely not a beginning approach at the very least.So with the case of low supply and high operating expenses and by the advice of the trusted broker I just mentioned previously, I have decided to shift my focus to out-of-state investing.

There's also an additional risk that a luxury rental will empty out suddenly in an economic downturn as people look for more affordable housing. 

That's a luxury we've decided to pay a premium for.What's your experience with OOS investing?

On the other hand, there's a big (luxury) industry so it could work well if you buy a property that's not too expensive but the luxury standard is high enough that wealthy people would rent it short-term for their weddings.

Yeah you're in the bay too so the risk in a cyclical market is compounded compared with a linear / flat market like most of the interior core of the country.When you're at 75-80% LTV in a linear market the risk is arguably much lower than if you're in a 1k per sqft values in the upper luxury condo market of seattle core/bellevue or Pennisula/San Fran  markets using this AIO product.

It's located in a luxury high rise in Boston. 

Pets are a luxury and privilege.

I understand the importance of getting multiple reno quotes, but in a fast moving market, sometimes I don't have the luxury of bringing in multiple contractors or even looking at the property more than once, for that matter.