Yep: >>To make second home ownership possible for more people — and, of course, make money — Pacaso uses a "fractional home ownership" model. They buy a house,

Yep: >>To make second home ownership possible for more people — and, of course, make money — Pacaso uses a "fractional home ownership" model. They buy a house, lightly refurbish it, furnish it and then create an LLC for it. They then divvy up ownership of this corporatized house into eight fractions and sell those shares on their website. >>If you buy a share in a house, you're able to stay in it 44 nights per year, in increments that can't exceed 14 consecutive days per visit. Edit: Ah, and if you read further, it’s an attempt to get around the regulations and taxes on short term rentals: >>The county, Brad says, had designated their neighborhood an "exclusion zone," which bans Airbnb-style short-term rentals to preserve the "residential character" of communities. But Pacaso argues that their clients are not short-term renters. They are co-owners of an LLC. This also means they don't have to pay the typical taxes on short-term rentals.