Quote from @Greg Grisez: Quote from @James Wise: Ya know, I'm surprised nobody has brought up the obvious to you here.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.

Looks to be enough room to make money but just be sure you're very confident in the comps in the area the property is in. 

I don't have a lot to offer as far as money or experience goes but I do have time available to do things.

Obviously it will cost money, get some quotes.

Or, you could buy a generic condo in Orlando, put crap furniture in it with bad photos and lose a lot of money...

It really becomes a time value of money calculation based on when you want to sell your Class A rental.

Collateralized Private Loan – Some private money lenders (PMLs) may allow you to pledge one of your properties as collateral for a short-term loan. 4.

Well worth the money.