Florida (Panhandle) STR Tax advice

[Andrew Brazell]

Hi all!

Military couple new to the panhandle in our very first property! It's a 4 unit- we do house hacking through a mix of leased tenants and STR. We originally planned to do leases only but pivoted to STR to maintain access to the older part of the property that will need gradual upgrades we aren't immediately ready to fund. So we dove into STR headlong to begin bringing in revenue... and it's working. It alone is paying our mortgage! We don't want to be too doe eyed about this because we don't know the tax situation on STR's (like I said, we just dove in). So we are 1) always looking for other BPers in the area to network with so please holler at us, and 2) looking for info/accountant suggestions in North Florida (specifically those who know real estate/STR investing). We just went from being two single people with one W-2 each to getting married, buying a house, rolling 401ks into IRAs, becoming landlords, and super hosts of a very profitable Airbnb!! We need guidance! Any and all are appreciated. Thanks in advance, BP!