I've always been curious to how the strategy of buying luxury rentals/mansions/large estates and renting them out. So for example in my area buying a 6-12 million dollar single family home and renting it out for 50,000-75,000 per month. The benefits I see would potentially be large appreciation, not much competition, and getting to own trophy properties. I'd love for people to chime in on this and to hear from anyone who does this.