Anyone doing shared Ownership STVR Hack?

[Cole Schlack]

I have run the numbers on this concept and it seems like it could be a solid option for vacation rentals. The idea is you get 5 buyers to put 20% cash in, which seems like you would make less but when you account for interest on 80% at today rates, net income is about the same. Additionally you can get a better purchase price as its a cash deal(save maybe 10%) and you have 5 owners that can promote the property to their sphere to help fill the open dates. We are looking at options in Hawaii and Utah for STR but have not pulled the trigger on any yet. Anyone else doing this? I would think someone has thought of this in Florida or California by now.