I would love to get one in state with Bakersfield, but at $200K with only $1200-$1500 in rent, I am very cautious as I promise myself not to get a property that is top of the market since the vacancy rate is so high (I had a luxury condo before).  

I have run the numbers on a beautiful piece of land and cost of building lodging.

There are 6 new towers under construction that will all be more expensive a luxurious that anything in NYC currently.Why is the happening now?  

You can schedule a vacation, fly to the ships location, land, hop on board, and tour the coast of SE asia, for example, by luxury of cruise ship for a few weeks.

Not everyone has the luxury of a large supply of capital to throw at different business models to exploit these efficiencies that you hold so dear.

Around here the multi-families are overbuilt so must offer boucoup incentives, especially to the fickle luxury college crowd.

I am beginning to HATE IT already, especially since we can stay on the lake at the Big Cedar Lodge and live like kings and queens and leave all the mess behind....thanks for the perspective....What the HE!!

My plan - - sell my luxurious, too large primary residence this year and move into a unit of an investment multifamily that I'm purchasing.

Win.you have the luxury of time here.By the way - the only way you get 25% return in 6 months (clock starting once you spend the $10k) is to:1) Do tons of marketing over a long period of time first 2) Do wholesaling or a flip3) Get luckyI recommend my strategy above.  

I have been doing this for over 5 years and yes i clearly mention i do rent them because i have the luxury to do that.