I believe when collecting advance rent you would actually be required to claim it as income and pay taxes on it in the year received (US government will require this).

They aren't Government monopolies.

Consult your accountant, but generally, yes there are tax advantages. if you live in a property owner occupied for 2 of last 5 yr there are federal income tax exemptions on gains based on occupancy.

North American Savings Bank and First Western Federal Savings are the primary lenders in all 50 states.They want higher down payments and have slightly higher rates than you would see personally, but it is still effective leverage.In an IRA, there is a tax known as UDFI that applies to the percentage of gains tied to the non-IRA funds.  

I am concerned about increased government involvement in housing due to declining home ownership rates.

You will never have a problem with rent payments from the government, which is the bonus, but you're also dealing with the government, so raising rents will not be as easy.

@Robert P.That may be a MA state requirement, but is not a Federal requirement or required in most states.

I'm not to keep on losing 40% of my hard work to the government. 

The only person who can comment on the legal validity of these clauses is an attorney licensed to practice in the state whose laws govern the transaction.

Be wary of anyone being dodgy about volunteering their license number, or their name/employer/etc not lining up with what shows there - We aren't allowed to "DBA" without letting the federal government know. 1220177 if anyone wants a number to plug in and click around with.