This usually is easier to capture return guests to book with you as opposed to competing with the top companies and the million dollar SEO budgets that they use to come up under and search you could think of for vacation rentals.

In regards to “savings” on the taxes, it’s best if you really think of it as “deferring” taxes and allowing that deferred income to grow as much as possible before each deal closes and that “saved” tax has to be re-captured.

Originally posted by @Steve Vaughan:A different perspective than all about cf if you're in an expensive market or are in more of the capital preservation stage is to buy for equity capture. 

Once we capture the LTL and get the reno bump, from there it's just 3% increase in rents and 2% increase in OpEx, and whatever that does to the value.

Its  captured in your last paragraph.

As society becomes more complex, larger groups such as corporations and private equity groups will benefit from regulatory capture and rent-seeking behavior. 

Look for ways you can use what's currently available on the market to generate higher returns (greater income or lower operating costs) or offset your living expense while capturing market appreciation.

Speaking to the "new model"-ness.In some cases it offers an opportunity for agents to cash in on having been in the business for a long time by successfully bringing a large collection of earners into the fold and collecting dividends as they close business.While @Matt Millard is describing what it ends up looking like, @Joel Owens accurately captures the essence of the situation in general.

Investor's capture equity at the buy.Paying retail for a turnkey product is fine for those that realize the trade-off. 

Another mistake as listing at $999k would have captured more searches, but less of an issue since it wasnt set up to be found in a multifamily search.