For example, the median monthly payment on a home listed in June fell to $1,170 compared to $1,225 during the same period last year, despite an average $18,000 rise in asking prices.Demand Slows for Luxury Homes.

I would like to create an in-law suite of sorts, add a separate entrance plus kitchenette, and rent it out.

Heres the situation.A partner of mine has been looking to build to flip a luxury home in Florida.

I would start by defining what you want real estate to accomplish for you.In the meantime learn about the different strategies that can be applied so you can select the one the suits you goals.The forum here and the podcast are excellent resources to start the learning process. 

A lease is just a luxury product in my opinion. 

Jenkins based on his post, might address any concerns.I believe many former owners of property lost on a tax sale will be encouraged to hire their own attorney to bring what may be spurious defenses to the suit so litigation would be my last resort, not the first.

It’s amazing you were able to stay within budget even after having to file a suit against contractor.

I am about to change out my flooring from carpet to luxury vinyl for $2200.

I see so many " college people " who feel they have to drive a fancy car, because they are college educated, they need a nice dress watch suits to their armani suit, they need to send their kids to private school, have to live in a nice suburban upper class area. 

Get with a lender and get information on the 1st time home buyer programs and see what suits you best.