Yeah, it's an interesting model--I can see how it could work really well in some scenarios and not work at all in others. ...for one thing, you have to use furnishings that in-line with the look and grade of the property, and which are appealing to the typical tenant--which I'm sure can be a bit hit and miss...   ...I suppose that one hidden benefit with a furnished unit is that you don't have so much wear and tear from tenants moving furniture in and out, hanging pictures on the walls, etc....I just finished a rehab at a LTR property--the tenants were pretty good and didn't cause any excessive wear/damage, but even then, there's always a lot of patching and re-painting that needs to be done after long term tenants leave....

In my model I tied the rent to the purchase price (Rent = .008* Purchase Price) so i couldn't really test that variable much without some sort of data table. 

But don't be in the FOMO mode;  there will always be opportunity.

Here is a model I built for tracking purposes.

There are a lot of other RE investment platforms I have considered but I love this model. I

@John Morgan Thank you for sharing about your turnkey managed STR property and letting me know that the turnkey STR model is working and making money for you!  

They have a property that has been in renovation mode for over a year, but they are still selling shares for it with no plan on how or when to get it rented and creating dividends.

If the traditional model is used, hypothetically if gross commission for the whole transaction was $10,000 split evenly between listing and selling agent, each side would receive $5,000.

Your correct some brokerages bizz model is butts in the seat at all cost.

This is the exact model I followed here in Chicago.