@Raghavendra Jakkani first, agree with everyone else about every occcupant 18+ being screened & signing the lease, with one exception - an occupant that is claimed on another occupant's tax return as a dependent.

Any educated company would know that and they would know not to mess with security deposits. 

Just like you would with any other tenant.The key is to treat Section 8 tenants just like you would anyone else who inquires.  

This takes awhile, but in the long run you can get your job costs to brass tax and not have anyone else tell you anything different! 

States the amount and everything else to protect you. 

Ours are passive, professionally managed by someone else and we are fully hands off… Maybe, as long as your CPA has depreciated the STRs, whether they are passive or active, over 39 years, NOT 27.5. 

If there is an estate or something else that lays claim to it and you gave it to the father, it might cause some issues. 

Has anyone else been following these developments?

I am a big believer that someone should start by investing in their own backyard, but seeing as MA is very expensive, you may opt for somewhere else. 

If so, why not partner with someone else that can help you fund the deal, either 100% or have your money partner fund 20% and a commercial bank fund 80% then flip it and split the profits w/ your money partner at whatever split you all think is most fair?