It's because of groups like those at the lower end of the home rental market, that I would never engage in SFH rentals again at anything less then $1000/night, and even then only with a caretaker/staff onsite in a secondary home on the property.The luxury property market is different and VRBO serves this better then airBNB, but again you have to price it high enough to get rid of many of your problems.

What will you do if eight young co-workers from McDonalds want to pool their resources and rent your luxury home in an upscale community?

Other realtors are reporting multiple offers, no slowdown in sales, etc. on various message boards and Facebook groups.Where I think it will impact housing the most is in the higher luxury price ranges, as those buyers and sellers are usually business owners and have a lot of their net worth tied up in other assets more affected by the virus and it's impact on the economy.But bread and butter homes sub $300k?

The foreclosure markets want you to close on properties like yesterday.You don't have the luxury of time in order to inspect and have your contingecies in place should a property not meet your investing criteria.

Lynn --I'm seeing the exact same thing here with students.However, the luxury centers (unless gated) are growing favored as one-stop shopping centers for mobile bandits to prey on students.Several years ago Durham built several large student luxury centers.

A friend of mine told me to check out Casa Moderna luxury vinyl flooring.

If this is a loan on a flip or any property, make sure you have LOTS of equity cushion today, not based off ARV. 70% ARV on a rehab that fails or a market hiccup is when 2nd's make the poooof sound & disappear.A information that your are in 2nd position doesn't define the entire risk without knowing the other factors.Here are 2 examples that illustrate:example 1: $200,000 ARV Bread & butter entry level home stable neighborhood $130,000 1st TD $10,000 2nd TDexample 2: $2,000,000 ARV Luxury custom home $1,300,000 1st TD $100,000 2nd TDAre both equal in risk?

I didn't say it initially, but I thought the comparison contained in the original question was unfair or at least an irrelevant either/or comparison.It's been several years that I can remember when a local rehabber had the luxury of choosing between viable properties.

You can view the article HERE.Omni is developing 350+ luxury apartment homes in the Brimfield Township (Kent), Ohio area so I thought it would be beneficial to share this under the "Development" sub forum. 

He planned to build a great luxury building that would probably bring up rent values in this area.