Pools are also not permitted with Streamline OptionFull Repair OptionMinimum of $5,000 in improvements203k Consultant is requiredFHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishNearly any type of repairs is allowed (luxury items are not).

All the developers are building luxury homes that the average person cannot afford (nor does he want to). 

However, on a SFH unless there is extensive land improvements, and fixtures, appliances, and the like (found more in luxury rentals), usually around 10-20% of the depreciable basis (purchase price minus land allocation) can be 'segregated' to 5 or 15-year property.

My clientèle doesn't really care about luxury or high thread count, they just want to dry off after a shower and drink beer.

Connect with me and I can send you his info...his name is Matt and he is the owner of Lodge Financial.

Came across Dallas Luxury Realty and people seem to be extremely happy with them from a buyer, seller, and property management standpoint.Has anybody on BP heard of them or had experience with them?

I can't see why I hear people complaining about the property taxes in TX while the insurance is more than my property taxes in a "non-luxury house" in NJ, in the suburbs/rural area.

@Dennis M.Understandable, and I agree that in general, a lower price point is the norm in the rental business (especially in Erie) and with the renter demographic in general; excluding luxury and short-term renters. 

I think most of us would agree when he advises against the too-common problem in America of borrowing money for things you don't really need, like a luxury car,  new furniture, vacations, etc. and getting yourself into debt.

I had my handyman and his assistant guy do it (they charge by the hour which I prefer) and it came out way cheaper and they did a great job (it was luxury vinyl - Armstrong Vivero Better Integralock) (the instillation seriously came out to around $1 SQFT.).