I was unable to start making offers during that time because we needed to first save more capital and second unload our primary residence (luxury condo that had the potential to turn into an albatross since other units were selling much lower than they were purchased for and we needed to sell that before moving forward in case we needed to bring cash to close).

In America we don't  have the luxury of having an "official language"or 5 or 10, and I can see where it could be a real hardship for some people to deal with.

I do not have the luxury of  a large list of high quality tenants.

Take a look at the many new student high-rises in Ann Arbor--very, very luxurious and pricey (do a search on M live.com  for her stories about these developments). 

You have at least $3,750 to $4,000 per month cash flow when the notes are performing so that is way more than you need to live luxuriously in Chiang Mai or most anywhere. 

-polished concrete (they even get this in luxury developments now...)-3-part epoxy (not at home depot lowes);  i think somebody from CO posted about it...

The tenant can view it as a luxury compared to their other obligations. 

There is a dishwasher, there isn't a garage (but garages not so common here) but there is a sizeable exterior shed for storage.There aren't a lot of 3 bed homes on the market nearby....there are some luxury apartments for 1400, there are some houses closer to the Univ but also smaller that are like 1600-1800.

My daily driver is an Acura which is a pretty inconspicuous luxury car. 

The units were renovated to compete with luxury apartment complexes nearby. where many college students are renting.