Initially, I rented the bottom unit to my contractor who did the kitchen extension / renovation.

A special thank you to those who reached out privately to offer their assistance, extensive knowledge, and personal experiences.After thinking long and hard about all the advice, pouring over all the data we could collect, and considering we have at least 18+ years of Disney and Universal trips ahead of us with our kids, we decided to move forward with purchasing a vacation home in the area.

I sent him a lease extension agreement and in the lease extension agreement it states that we are increasing the rent to $1,650 per month and we are requesting another $3,000 for escrow for a deposit to stay in month to month.

I am well versed in laws pertaining to STR regulations, which are extensive in my market.

The building has been extensively renovated by the prior owners in 2022 including new heat/ac, appliances, flooring, kitchens/bathrooms, roof.

I would greatly appreciate some input on my situation.I purchased a condo in 2022 that needed extensive work.

I reside and work in Florida and have an extensive network in New York in which I will be referring real estate deals to a broker up there, but I just want to make sure that we are following the rules regarding referral fees.

Consider the amount of the mortgage that has been paid down (and by extension, the amount of equity that has built up!) 

However, life can get complicated, and if you find yourself needing more time to gather your documents and complete your tax return, there’s an option available: filing for an extension.Understanding the Extension ProcessTaxpayers who require extra time to file must submit a request for an extension by April 18.

That's generally called wholesaling (or turnkey if you're doing an extensive rehab).