I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

Determine the price that attracts the investor, stop the bleeding and and move on.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible.  Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost S...

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

It depends on who you're hiring but that seems fairly standard.  

I will post it on this thread.

A monthly fee (typically around $5-20/mo) is added on to the payment.

I was hoping to see a roadmap on how to go from $100k invested on the 1st STR and the strategy on acquiring a 2nd STR and so forth.

The discount on the full hurts!