Cash flow you can live on is also achievable, but if you consider the average person is using leverage you need a lot of SF roofs to say make $8-10k per month (not luxury living, but comfortable) in passive income.

New luxury homes are being built and rents are going up.

Plus given a correction in the market, you're protected because you're community is not highest priced luxury in the area.

If you can, swim upstream to larger, luxury homes. 

Patience is a virtue and nobody should ever get discouraged, I remember being there).  

The seven houses totaled approximately 3 million dollars in fraudulent loans.Five Indicted For $4.1 Million Mortgage Fraud Involving Homes ...https://www.justice.gov/usao-ndoh/pr/five-indicted-41-million-mortgage-fraud-involving-homes-medina-and-gates-millsA federal indictment was filed charging five people with taking part in a $4.1 million mortgage fraud scheme involving six luxury properties in Medina, Ohio, and one property in Gates Mills, Ohio, said Steven M.

In multiple industries, luxury products are flying off the shelf and in real estate down here there are an extraordinary amount of cash transactions.

Personally I think the market is just out of balance because developers had to target the luxury end after the GFC.

My company designs luxury private cinemas and home automations systems for residential new construction. 

Take a year and 1- listen to a BP Show per day, 2-cut your living expenses as much as you can believe it or not you can find $1,500/month by reducing rent & car & cutting luxury expanses and in a year you will have $18,000 - this will suck but it’s an investment!!