On the other hand, if I tie up your property in exchange for peanuts without the resources or intention to buy your property, I will be able to extract an economic rent from a transaction in which I have no legal or a not unconscionable interest. 

Study up on "arbitrage", also.Here's what one of my mentors does: he uses private money and his corporate credit lines to acquire and fix-up properties, then refinances into a traditional loan to pay off his investors and credit lines as well as extracting part of his profit.

I suspect without being removed from market it would have occupancy in the low to mid 80s and may have had some small positive cash flow.None of the 4 units have positive cash flow, but this is in large part to extracting equity via refinances in Dec 2021 (so they are all near 80% LTV).  

The best insights extracted from all of this was learning cost per types of renovations.

The agent knows that I was not paying close to retail without a plan to extract most/all of my investment.  

With proper set up of books and accounting procedure, you should be able to extract the information you need.

Both cash.Miami is a unique ecosystem as it’s fed by cash from around the world and cash that for the most part needs to be extracted and laundered in American assets so what’s happening here doesn’t make sense on 99% of the deals as foreign investors have no problem overpaying.

However, full-service cost segregation study may not be cost-effective, i.e. it can cost you more than the tax benefits extracted.

I guess refinancing (and rent the apartment) and using the proceeds is the best way to extract the equity to use towards a new home?

My comment was meant to be viewed in total, not one paragraph extracted to make it seem like I'm completely anti-NNN.