I bought it. I have no affiliation with the guys who run it and I don't get any money from them. I am in some of the same mastermind groups though.
It's a pretty smooth set up. There are 2 pieces, the theme and the plugin. The theme is a relatively standard lead-gen type theme. You can customize it with logos, videos, testimonials, and blurbs. It dovetails with the plugin if you need to manually set it up for posting your client content.
The plugin allows visitors to rent out each page individually for whatever price you set. It integrates with PayPal, so if they subscribe through PayPal it's totally hands off for you. A very cool feature is that a prospective client can get a 5 minute trial of how their site would look when renting your space.
The trick to the whole thing, of course, is to get your site ranking for those local keywords. Without that, it doesn't matter how good the software is.