Some are niche/luxury, some are for large flagged facilities.

The unit is also old (about a hundred years) and although I just refinished the floors and did fresh paint throughout, it's never going to have the feel of a new-construction building where tenants expect granite or Corian as part of their "luxury" kitchen.

Additionally, there is not enough lodging in our tourist town for all the tourists who come and spend a LOT of money, which feeds the economy.

Also if you want to invest rent something less expensive than the upper limit of your comfort zone, live frugally, get rid of unnecessary luxury toys and save every penny you can.

Rents appear to have topped out and there will be some downward pressure (how much depends on your property class).Overall my crystal ball for the Denver market is a bit foggy with how the oversupply in the luxury/Class A apartment market will impact the rest of the market.

Maybe you decide you love Agency and brokerage, and aren’t quite ready to develop yet— you should still take a few courses, and you can consider a designation in luxury residential, buyer’s/tenant’s Agency, affordable housing, or commercial RE.

Luxury vinyl plank floors are pretty durable, laminate counters last a good while, semi-gloss paint is easy to clean, and RTA cabinets are just a few things to consider.

I still would like to try airbnb on this property but the luxury of the funds are not there right now to experiment so am going to try section 8. 

Now they are working on a few high rises and luxury apartment complexes.

I have another rental in TN; there I'm required to register with the state and the county, and remit both sales and lodging taxes.