Initial maintenance costs to get the place ready to rent (if not ready to go already)There is literally NO way to predict this. 6.

Many will say this is crazy but if I am spending tens of thousands of dollars I am not spending 30 minutes and making the decision on the flip of a coin.

Or is the new builds basically thousand small contractors ? 

If you hire management in todays market they make money and well your just got a rental that U had to pay thousands to furnish.. your in the hospitality business .. not passive investing if your self managing..

If you sell the property (regardless of whom to), you will pay all the fees and transfer taxes associated with that sale - likely thousands of dollars.  

Could I have an avg. rent of 4.33 days, outwork everyone (cleaner) by a substantial number of hours and not offer substantial services other than certain guest special request and meet the exception.Does the IRS consider all the marketing, accounting, bill paying, guest communications (daily inquiries), market research, pricing, real estate purchase, taxes, supply ordering, maintenance/ cleaning set ups, and a thousand other things we do yearly to keep the STR going as hours toward material participation?

While that is probably true, it would also wash out the grocery store where his food comes from and the neighborhood would look like This is literally the mindset of your average American.

Dear BiggerPockets community,I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... ....

Now:You can spend thousands of dollars on SEO and PPC and still make no deals. 

Another close friend got all this guys bank statements etc and found hundreds of thousands being wired to casinos right after he received wires.