Based on an earlier post it looks like that is not legal in MA correct?

Since I'm based in Tampa, I don't look outside and compare markets. 

Regarding the location of the Qualified Intermediary (QI), it doesn't matter whether they are based in New Jersey, Florida, or elsewhere.

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

One challenge was getting the hotel occupancy up after renovation since no one had booked or stayed in years so there was no existing guest base.

I'm a licensed Realtor in Northeast Georgia and can shed some light based on my experience.Sponsoring Broker for Part-Time Realtors:Yes, in Georgia, you need to affiliate with a broker to activate your license after passing the licensing exam.

We are based of course in one of the most expensive places to live yay to that.

for water stuff - if it is not raining based on ur experience how else one can test that?

South and South East is less expensive, but you're not going to get the appreciation and my impression is it's not as good a tenant base.

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.