I believe a primary residence is a luxury.

Stainless steel appliances, white shaker cabinets, luxury vinyl plank flooring (if you have to have carpet, only in the bedrooms), and fresh paint.Don't forget the details!

For most people property management is a luxury, not a necessity.

I don’t have the luxury of having a non payer sneak in.

Then if you have to or want to move you've got to kiss up to whatever new landlord you're applying to move in with, and just hope that they accept your application, all because you can't qualify to buy a house where you wouldn't have to put up with any of that, and you don't want to pay 50% more to live in a luxury apartment where you still get treated like a peasant but at least have a nice well-maintained space, though it's two thirds the size or less and you can hear the neighbors all the time and there's constant notices about the rules to remind you who's boss. 

Homes under median house prices will decrease, but not as much as luxury homes. 

You might also think about doing the work yourself as you can afford it because that is the main luxury that paying cash for a property affords you.Good luck.

Russell- I have not acquired legal title yet, only have an equitable title by virtue of a the trustee sale.

Most SEC 8 landlords are converting to the luxury vinyl planks - you can get it for as little as $1.39/SF at Floors and More if you have that brand in your market.  

Hi  I am New to BP, live in Rancho Santa Fe, In San Diego County, my background is in Land Development and I just want to network meet other see what´s all about maybe get more involved in Commercial investing and Luxury Flips.