Ok with having to do light reno of kitchen/bathroomIn about 10 years, I would like to either trade up and break into the luxury real estate market or liquidate those two for a nest egg in the mid 6 figures.

One of the dangers of overruns is that a naive homeowner could try to go crazy with every change order and luxury item, etc., and if they run out of funds to cover it, the remodel gets completely stuck unfinished without the necessary funds to finish it.  

With a second luxury theater taking over the old Cinemark theater, huge amounts of apartments going in and a vacant building with potential to be a huge commerce center (Bourbon Square), I believe the area is destined to have a huge revitalization. 

Your friend wouldn't have the luxury of evaluating the deal itself to determine if it appears safe. 

They are decent homes without much luxury.

We also look at the type of noise complaint being lodged.

Those were luxuries even emperors once didn't have.

Investclub for Women (Los Angeles) (Iris Veneracion and Bobi Alexander) Day: Third Tuesday of every month Time: 6:30 networking & 7:00 meeting Location: Sportsmen's Lodge Events Center, 12833 Ventura Blvd, Studio City, CA Cost: $25 per person Website: womeninvestclub.com

There are a TON of luxury condos going up.

I don't think they ever enjoyed such luxury!