Likely better renters but also turn-over may be higher (just my gut feel)4) Eagle has a lot of rental supply coming on the market soon - apartments (55+), luxury communities of apartments, townhomes specifically built for rental, etc. 

An appreciation based investor on the other hand does not have the same luxury.

Some students are paying up to $1200 per room in fraternity houses or one of the many new luxury high-rise student buildings downtown.

It is desirable and I would think the rent amount puts it at a level of a luxury apartment community which makes since because it has similar amenities.

Part of experiencing life is graduating high school - There are some folks who don't get that luxury- don't be the guy who willfully closes the doors of opportunity because he thought it was beneath him.Alright, I'm done with my turn on this soap box - whose turn is it next?

They target areas where people have extra money for luxury.

I can see the inspectors now, walking up to some luxury rental in a prime location in Seattle , where the tenant is paying thousands per month, saying "we're trying to protect you from your slum lord!" 

I see some consolidation posts, but they are all for larger buildings, I was thinking of something like a luxury SFH that could be rented out on VRBO or Airbnb or something.Has anyone gone so far as to purchase a new SFH as their primary residence and rent out rooms or something?  

All of these things help add to the reasons why investors, and visitors from around the globe come to Orange County and invest their money, or to spend time with their families.From the most luxurious mansions, to simple cottages, multi family dwellings, and office buildings.

For the multifamily deals i made sure to stay away from the A++ and more luxury assets because those people will start to live within their means in the next 9/12 months.