You don’t have to have luxury finishes - just safe, dry, and warm.

I'm already set on Luxury Vinyl Plank, just a matter of floating or glued-down and if anyone has any specific suggestions. 

What’s everyone’s opinion on, in a recessionary environment, would buying one nice luxury unit be better or worse than two mid market units? 

Thank you very much for your kind help, @Jerry Ellis, @Rich Lodge, @John Ng, @Mark Poulton, @James Harris, and @Jeff Brower!

A luxury high rise/ class A building can be a riskier investment, since if there will be an economic shift, renters tend to move to less expensive apartments, and the owners have to lower rents to compete in the market.

I have owned SS  and it has its own set of challenges its not all wine and Roses LOL.My banker is of the opinion that when you hit a downturn SS is one of the first things to get hit.IE someone paying 100 to 150 bucks a month to store their junk just stops paying.and vacancy starts to out strip cash flow and the properties go underwater.what did with mine and it was a unique property being right across the st from 1000 floating homes on the Columbia river or should i say within 2 miles of all those.I put a condo plat on mine and went about sell each storage condo to those floating home folks so they could add value to their floating home.. this worked out well.I also like it when you have the bigger ones kind of like airplane hangers and you sell to the ultra motor coach crowd or those that like to wrench on their collection of cars.. end of he day people need a place to live  storage is a luxury.. but this is hardly a new concept or business its well established.. and your write the herd has put up thousands of units in our area 3 to 4 story buildings and every one of them has move in specials.

Aaron 6lb rainbow on micro leech yesterday big fish of the year for stoney lake lodge BC   LOL  OK got to go and get in the water... 

The term “transient accommodation uses” includes but is not limited to hotels, motels, recreationalvehicle parks, tourist lodging facilities, resort condominiums, resort dwellings, vacation resorts, and dwelling units occupied or available foroccupancy on an interval ownership or “time share” basis, when any of the above are made available for occupancy more than three times in anyconsecutive 365‐day period and the right of occupancy is for a term less than monthly.The term “transient accommodation uses” does not include any of the following uses if such use otherwise complies with the applicablerequirements of the City and is licensed by the State of Florida, if such licensing is required by law: bed and breakfast homes, community residentialhomes, nursing homes, rehabilitation facilities for persons with drug, alcohol, or physical impairments, respite care facilities for persons withterminal illnesses and their families, short‐term/emergency housing or long term housing where allowed by this chapter, and child foster homes.The term “transient accommodation uses” does not include a guest house dwelling, when one or both of the sleeping rooms are located as apermitted accessory use within and incidental to the primary residential structure and the primary residential structure is owned by a naturalperson and occupied by the owner.

You can see black and white paint schemes all over the Austin metro area with new construction, luxury homes, and renovated flips.

The last year I was there it was a luxury apartment that paid me 150/month to live there.