Just keep your price point mid range so in a crash your not trying to rent LUXURY rentals

There may be MI but you have the ability to customize it and possibly not pay as many as with 203k- you do not need equity at the time of initiating or applying for a refinancing (assumes you own the property already) vs a FHA 203k you need min 2.25% equity - flexibility of primary/investment/second homes and rehab financing vs only primary with FHA- less restrictions on what type of upgrades you do like luxury items are less restricted and attached ADU (accessory dwelling units) are ok since some people like to build in law quarters and such while 203k will have severe restrictions on theseSome downsides on home style are:- your rehab cannot exceed 50% of your ARV value (determined by your appraisal). - can only have 4 financed properties (may be an over lay but I've always seen this)- min down is 5% vs 3.5% with FHA- FHA 203k is not capped for rehab budget like home style with its 50% of ARV cap

This leads to development that tends to skew towards luxury housing, be it in the form of single family homes, or luxury apartment buildings.

I'm in turning an office building into luxury condos in a seaside town.

Did you have the luxury of browsing through several listings?

I wanted to start raising foreign capital to buy up class A trophy properties like high rise office buildings and luxury apartments.

Ski lodge kind of thing or ?

BTW, Raleigh tourism numbers include primarily food and lodging tax receipts and (I believe) do not include residential STR at all, mainly because they are too small to count.

There is just no doubt, none, as a person in this market who does luxury rentals as well, it's just a no brainer, the benefits a proper re-deployment with leverage can bring is massive.

There  were some beautiful homes in Streator  that you can tell used to be super luxurious and just needed some fixing up, but my wife was turned off by the large amount of other, neglected homes around them.