There are usually large penalties, don’t mess that up.

Since the interest rates are high and rent's wont cover mortgage , i'm ok with paying money every month with hope equity build up and rates going down in future  .

It would take 6.5 years for the savings to catch up.

They generally end up with better options than a lower income self paying tenant.

It sounds like you might already be aware of this, but the only time you can put a rental property on a Schedule C is if you provide those "hotel-like hospitality services" that you mentioned, which means things like not just cleaning between guests, but daily cleanings during guest stays, and/or providing them with things like meals or entertainment during their stay. 

From my experience too many investors are going the ground up construction and they don't often calculate all of the costs.

I've read up on local (Massachusetts) law/guidelines regarding utilization of security deposit but it's pretty vague in this regard. 

My out-of-state property management charges me a yearly admin fee of approx $200 (up to 10 properties inclusive with the one fee), and does not charge for tenant placement, but will add on Zillow ad expenses (I think it was like $57 last time they advertised one there).

These deals were wrapped up in just 30-45 days!

You must file the lawsuit and then you must obtain the order.If you purchased a tax certificate under the old system (people bid up the purchase price) you are not allowed to cut the timber while you have only a tax certificate, which is the time period up to three years after the auction.