And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...

Yes, they are actually selling individual units as well

There are a lot of positive ROI options in that bucket.To answer your question anything on the beach will rent well. 

The alternative to that is going to the Cape, Western MA, as well as adjacent states with coastal/lakeside properties where many of us New Englanders vacation. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I have been trying toe get a list of the IRS discriminate function indicators to no avail so I'd like to know how you can say that home office no longer concerns IRS.I was just making the note that broad stroke for everyone to add spouse, kid etc to create a partnership has other considerations people need to be mindful of as well. 

So I would like to get these things hashed out well beforehand as something to present to potential clients and have procedures for my company.

I called my local insurance company, as well as two major companies and was told "good luck." 

Other lease provisions may apply as well, such as prohibition against causing the LL to incur fines and damages.

Nathan Roberts also on this site may have some suggestions as well.