So things like, xbox/playstation ping pong for the kids maybe a turf strip to play some putt-putt for the adults etc...

we invest in value add plays (no major rehabs) 10-40 units.

That way you’ve got some skin in the game, and the tenants will be less likely to protest that the other tenants are using more electricity or gas.

I seem to remember that I didn't even have a business card until then either.You are VERY late to the game to be making these decisions. 

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

I want to play devils advocate, to have a convincing argument.

@Justin Jefferson first, some cold realty - you're about as likely to play in the NFL as you are to retire via real estate in 4 years.Are they both possible?

I completely understand your point about pricing adjustments driving faster leases, but my experience has shown that other factors play a significant role in a rental's performance over time.For example, I own three rentals with very different dynamics:1. 

So you will need to have skin in the game.

That is the difference.The convertible equity play is just garbage.