We knew the place was special, that's why we jumped with a full-price offer.

Since it is a sub-to deal should I use Turbo Tax, a general CPA, or a CPA specialized din sub-to?

Instead of keeping them, I'd look to sell them and buy something more suitable as a long term rental.If you want to know why I have such a strong opinion on this, just google the following: - HOA Special Assessment - Florida Condos 2024 - search for news on the new laws - Zombie Condos

Think an outdoor shower, fire pit, and durable, easy-to-clean furniture that can handle wear and tear.5️⃣ Special Occasion Travelers – Whether it’s a honeymoon, birthday, or anniversary, these guests are looking for a memorable, "Instagrammable" stay.

@Tim Rogers Do you have a CPA that specializes in real estate taxation?

Partner with an Experienced Hospitality InvestorConsider bringing on an investor who has scaled hospitality properties—they can provide funding while you handle operations.Would you like introductions to equity partners or lenders who specialize in boutique hospitality acquisitions? 

There are also smaller brokerages that may specialize in this.Actually, that would be ideal.

An escrow account is nothing special, just a checking or savings account where you put nothing but security deposits and advanced rent.

Based on this of course it would still be risky, specially being the first time but better start somewhere than just keep analysing properties right?  

If they’re underfunded, you could get hit with special assessments.Since you want to stay local and focus on cash flow, commercial makes sense, but have you considered industrial or flex space?