Thanks for helping out guys, Appreciated!
I had very little time to make this build work and there were few new additions to my regular builds.
I've used the latest LP release, installed few Blheli_S ESC's I had laying around and am using powerful 2206 motors with an excess of torque so I thought better ask around before I start messing with the build.
Cliff, that's a several great advises there which at the very first can verify it's not up to the 'mechanical' side of things and something to keep in mind in the future.
And I will certainly try to find the best Pids with easy tune.
Got few project's to complete after which I'll be finally able to spend some quality time learning all the fine details of setting up the rig.
Again, Thank you guys for pitching in on this, it helps a lot!
Best,
D.