Clickbait works because it puts a question in your mind that makes you feel compelled to click and get the answer.

Maybe more.So between down payment, closing costs and repairs, I'd have to front somewhere around $50K - $60K, which I don't have.The strategy that I am considering is finding a hard money lender for this initial costs, with the idea that I pay back all at once when I refinance.On paper, it seems a good prospect for which may be worth to due a solid due diligence but I want to make sure my strategy is entirely doable and be aware of the risks I have to keep in mind. 

There's also a chance the PM sucks and you either need to part ways according to what the PM agreement allows, or become substantially more involved in the relationship with the manager - essentially becoming the "squeaky wheel" who will get the grease.Keep in mind the RE industry has a very small barrier to entry, which allows a lot of seemingly unable people to get involved. 

And if a buyer gets "cold feet" as was said, they need to use that as motivation and then find a valid reason to get out of the agreement, but "cold feet" as far as I understand the law as a layman, is not going to be sufficient. 

Also they want to get a condo or a townhouse because its more comfortable and I am here dying in my mind thinking on HOA fees, not having an extra room to rent for house hacking, etc.My brother told me that one of the lenders told him that the loan options would be better if we both are in it (me as a cosigner) thing I refuse to do.

There is nothing wrong with that if people are trying to connect with other like minded individuals. 

Keep in mind that majority of longer term investments normally offer equity.

Since that time we have been selling off our SFRs in favor of multi family investing.I would encourage you to check out Lifestyles Unlimited we have been members since 2011 and I know of no better place to get around successful like minded people.  

Clearly, the legislature would not half added this halfsentence, if it didn't have in mind a scenario where 21 days have passed since the tenant vacated, but the lease "expiration" has not yet happened.

It's just a bit cost prohibitive on smaller properties, and the IRS doesn't mind if you just do it the easy way (the incorrect way) and use straight-line depreciation since that results in overpaying taxes.