I will say in my home market an old mill was just, within the last 18 months, converted to luxury 1/1 units and is generating 2X the rent everyone else is getting. $2500/month.

Ft)Luxury ($150-200 xSq.

If I have to then I go with modular prefab units from lowes.Flooring is LVP all the way, Smartcore from Lowes b/c it is all vinyl so no water problems and seems to hold up better than the cheaper grade LVP.Remember, you are renting out a class B property, not a luxury house - it is unlikely that you will recoup the cost of higher quality finishes.

Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower. 

I did not spend any money on any luxuries or vacations and it took me about a year to save enough for a down payment and closing costs on a $230,000 duplex.  

And with financial freedom comes the greatest reward of all, the luxury of time.

Luxury STR's are less effected but Mid Term in the Tri County area have been popular since prices and rents have increased so dramatically on the East Sides of town, making furnished long term rentals very active.

Hey Bigger Pockets Family,I'm Mark McDonough and I'm a Realtor who specializes in luxury homes in placer county, and SFH for first time home buyers and investors in Sacramento county. 

No hard fast lines, but think C class is more Section 8/low income housing and A is more New, luxury type housing.

Most of my California buyers invest in TN, FL, OH, IN lately Oregon Coast but TN stands out with some great price points and lower annual taxes.If you want higher price points you can look into Elliston Place and Music row for more luxury Condo's or homes.