My construction focus has been on luxury homes and I am switching directions to build single-family rental neighborhoods. 

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!!

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.

It's a luxury, not a necessity.

My perfect situation is owning 2-4 properties, each being a multi unit of 4-8 units, on the higher end side/luxury.

I use Luxury Vinyl Plank flooring on my rentals.

All proceeds made from the business I don’t eat it for lifestyle consumption it gets reinvested back so its one of two things - you may need to feed yourself from a business but have the luxury of giving it atttntion full time or you can supplement it with a job and Partnerships which is what I do today.

I worked for a luxury RE office in Vegas for years and saw the difference between the people who made it vs. those who didn't.

What I've seen is that rents have dropped in the city (Especially luxury rentals) and have risen in the suburbs due to the following reasons:- Colleges are still for the most part, remote, creating a large volumes of vacancies which has lead to landlords giving incentives to get their units rented (One or Two months free rent, broker fee paid by landlord, etc.)- As a result of this, a lot of my clients who are coming up on their lease renewal period are negotiating lower rents with their current landlords.

I will be going to a new city and will not have this luxury so wanted to see what others had to say to ease my uncertainty or to validate why I am uncertain.