Entry lock combinations, Wifi Info, Trash Night, etc.

I know such sale would trigger transfer tax and stamp duty tax but I think the eventual capital gain tax down the road is probably more to offset. 

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Increasing the rent that much will trigger vacancies. 

In fact many of our properties are done that way - we get a signed contract and then turn the package over to the closing attorney and move on to the next one until closing day.Your local REIG can recommend some good closing attorneys / title companies and they will usually be happy to walk you through the process and even provide you with the forms you need to get the deal locked up and closed.

Not sure about NJ rules on tenancy here but you could lock them out/remove them and secure your property (at least in FL). 

Why lock up the equity?

After purchasing done they did inspection without letting us as we were not there they did not able to check backside of house because fence is locked.

Even to the point I'm very comfortable locking the door for 5 years because I know in year 5 I would make such and such LOL. 

I've been tuning into the BiggerPockets podcast for a while, and I've finally decided to metaphorically pull the trigger on starting my journey in real estate.