Of course I didn't agree to this and said I'll give half a month of rent which I thought was standard.This is a large high end house that was my primary residence and in an area that doesn't have any luxury rentals.

Depending on your neighborhood, things like cap rate can be incredibly high (war zone), or fairly low (luxury properties).

In Santa Monica I found that it attracted businesses with tech or engineer teams working on month long projects and looking for lodging and business men traveling with families.

Many if not most of the younger generation view their inheritance as their retirement plan.Based on the vast percentage of them having poor money management skills and preferring the luxury life style you can expect lavish spending when they do inherit until they go broke.

Depending on the numbers and deal, I think going in with some other investors may be a good way to limit any short term losses.From what I've noticed in the Houston market, rent is not scaling with the prices of property and larger luxury apartments are offering great amenities and new construction at market prices. 

For what sounds like a non-luxury, basically commercial property, that's REAL slim pickings.

I'm not sure what luxuries it affords those who enlist in terms of breaking a contract.

Lots of overhead too with mortgage/capital injected + HOA + other costs associated with high-end/luxury units.

I'm in the process of opening a lodging business and the project costs (mostly property and buildout) have exceeded my capacity for borrowing.  

We have a store with donated building material close to me and I bought a big lot of Luxury vinyl tiles , 18" by 36" each.