Buy right, make sure it cashflows, I believe it is the high-end luxury properties and the low end slumlords that will suffer most in a recession from vacany or non-payers.

I'm a GC, and while $500K sounds high to me (maybe you're building a luxury property, which would be more exposed to a correction), I know that no matter what a project is budgeted at, you're likely to go over.

In one deal referenced the poster highlights a major potential conflict of interest as Capella supposedly used an appraisal generated by the borrowers without disclosing this to investors, who later invested $3.9M to finish a luxury home Capella claimed was 80% complete.

Hardwood/Ceramic:  more luxurious, much more costly, but moving in the right direction for up-scale and low maintenance.3. 

i dont know "when" if 2020 is right or not but i do personally think that these mega plex luxury buildings are going to feel some serious pain the problem is that theres still so much capital floating around trying to find yield that even if they take a big haircut on price or large vacancy ... there will still be appetite for the riskone thing that could put a big change in the market and probably not talked about as much is the Millennials will stop wanting to live in a box and will start wanting to move into a house.... suburbs that have been basically looked down upon will find itself going thru a renaissance we are already seeing suburbs starting to get things like trendy coffee shops, art centers, etc to make them more geared toward millennials ... this will continue and i think the "city living" in metros that are not nyc sf will see an influx to places i know what you are thinking "ok Alex sure... but what will be the catalyst will be for this change in behavior?"

The general market average homes have gone up a lot, but the luxury market is a lot different it seems. 17 mins from Inglewood with zero traffic maybe haha, sometimes it can take 30 mins or more just to get on the 405 from brentwood...although haven't been around that area for a while during rush hour..used to commute from there to the SFV and with the construction and traffic on sunset would take forever just to get on the freeway.

I always want luxury vinyl plank if possible.

If you sell in 2018 then tax will be due with your filing of your 2018 return in April of 2019 unless sooner by virtue of required estimated taxes. 

The property is located in Plano Texas and a single family home.  3 years ago I installed matte luxury vinyl plank flooring in most of the downstairs. 

However, it seems that very few options exist (if any) that cater to “high-end” clientele (business execs, consultants, and others that value luxurious lifestyles).