Add in travel and lodging costs, and you're looking at a lot of work and risk relative to your profit potential.

It depends on the price point, but I'm going to assume that you are flipping an average house with shaker style cabinets in your market instead of a luxury home with modern flat panel European style cabinets.I'm not sure if this is available in your market, but we buy from local Chinese Building supply stores.

Keep investing in assets that will pay off your debt and pay for future luxuries.

Here in the Berwyn and Cicero area near Chicago we normally don't have this luxury.

PATH 2 - Sell the current house and buy a smaller home outright, thus leaving me with the working class dream of no mortgage.PATH 3 - Sell the current house, and buy numerous houses (with mortgages) around the UK and Spain.PATH 4 - Rent my current home as a luxury rental, then use that money to travel the world, and once I am finished travelling, perhaps get another property.Now, you guys are going to need some more info, so here goes.We have not had our house valued.

The market is so hot that we did not have the luxury of waiting till their home was under contract to move on the new home.

But in my luxury rentals, it's a whole different universe.

Account Closed That is very true, I guess that's the luxury of owning real estate. 

My question is, in the case of a cockroach treatment am I required to pay for their lodging for a night?

I know of a luxury estate right now that was appraised at 2.2mil last summer and now its a short sale for 1.2mil and its been on the market for quite a while and I have been told that the owner is getting close to foreclosure.