It's essentially turnkey minus the usual maintenance such as new carpets and paints.

During my training, I developed a strong understanding of the principles that lead to successful STR management.

I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.

Essentially it's 100%-125%  of annual gross management fees.

Most difficult has been the idea that we are founded on the principles of John Locke for a society that is supposed to lead to ownership and liberty. 

I ask because general principles of contract law generally do NOT prevail over regulatory constructs arising out of specific enabling legislation.

If you're doing a HELOC for a downpayment that is essentially a red flag - 75k is a sizable downpayment as well.

Essentially your listing basically states, don't come here unless you are a family with 18 kids.

Providing something unique in a very competitive environment is essential Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You will later print out and sign a Certificate of Rental Suitability that is essentially an affadavit stating that your property is suitable for occupancy.