The stays will take place for one night with access to Will’s posh bedroom and bathroom, a poolside lounge area and an elegant dining room.

Tucked behind gates in the Sherwood Country Club, the grounds include an elegant Colonial-style home designed by Richard Landry, two guesthouses, a swimming pool, tennis court and entertainment area surrounded by rolling lawns and manicured gardens, but no ice rink.

In the right situations that can be a very elegant solution.

Take away all the zeros and it's really just an elegant example of motivated lenders sellers and buyers finding a way within the tax code to work together to accomplish their needs 

Lesser quality materials differs when switching from one strategy to the other, lower   but little elegant when you build rentals.

Personally, I think the French doors look elegant and would be a nice touch if your area allows for door changes.

You'll need some guidance along the way from your accountant and your QI but it's a very elegant solution to get money tax free and continue to build your portfolio tax deferred.

That's what I think makes this strategy particularly elegant to use with a 1031. 

Ain't taxation of real estate elegant and straightforward?

@Donald Hendricks Run your numbers through this worksheet (page 40)https://www.irs.gov/pub/irs-pdf/i1040gi.pdfOr this version from The TaxbookIt's not very elegant, but if you can understand that worksheet you can understand @Ashish Acharya and@Brandon HallBest of Luck with Your Real Estate Investing!