Larger developers are building upscale apartments like crazy here (literally #3 market in the country for these luxury builds) which has saturated the market making tenants less inclined to pay top dollar for older multi family residences.

In the wholesaler situation, they don't have that luxury and simply lose the deal.

I worked in several different industries (army, corporate,...) i ended up working as chief engineer in the luxury super yacht business.

I personally know people who bought brand new, multi-million dollar, beautiful luxury homes, only to have serious foundation settling over the first 5-10 years of ownership (and the repair bill was in the hundreds of thousands!).

We’ll I’ve found that nearly every property manager in the area has the luxury of picking the higher end properties to manage, so they keep passing on my potential property.

In Honolulu, the Illikai Hotel and Luxury Suites are legally permitted to be STR's. 3.In Ko'olina, near the disney aulani resort, the Ko'olina beach villas, Marriot's Ko'olina Beach Club, and Makaha Shores are legally permitted to be STR's.

Haven't found a list for luxury vacation rentals yet..Do you own or invest in any of these areas? 

Jason Kim Kudo here, an Estates Agent with The Durkovic Group and Dilbeck Estates which has affiliations with Christies International Real Estate, Luxury Portfolio International, and Leading Real Estate Companies of the World.

@Tim Bee the net is almost meaningless without knowing what "per door" means.A "door" could be a mobile home, or a 10k sq ft luxury mansion.Indeed, they often mention on BP podcasts that some investors will brag about their door count without disclosing what they mean by a "door"...10 doors might be an impressive portfolio if it's all A grade luxury homes, or it might be pretty unimpressive it's a crumbling D grade apartment complex....$300/mo cashflow could be a home run for the mobile home, but could be a complete disaster for a mansion.

Consider Luxury House Hacking.