And stays under that (STRs) are actually not defined as property management or real estate activities, but rather hotel lodging dictated by hotel licensing and laws.

This a another luxury rig with manly features.

You are in NY... when a builder who has built and sold thousands of luxury units unveils a new project at a prime location and drops $100M+ on construction why do they hire a broker to sell it out?  

LOL "What got inflated was people's desire for bigger and more luxurious homes.

I didn't have the luxury of having assistants.

Most long distance investors don't have the luxury of attending local REIA meetings to perform due diligence on PM's.

I have the luxury of waiting to see if rates continue to drop even further before deciding to eventually lock in a fixed rate loan.  

@Arpit Chhabra In My town there has just been developed over 120 luxury studio, 1 & 2 bedroom apartments.

There is nothing on the radar that could reduce Milwaukee prices in a meaningful way; and we are still about a third below the national avergae, have a chrinic housing shortage, plenty of fresh water and are in a climate safe zone - all factors that will continue to increase demand eyond of where it already is, while we have no meangingful increase in supply and new construction is  limited to small numbers and only luxury homes over 600k.

I've recently taken on a new venture with a hospitality company that also deals in luxury real estate.