Our monthly surplus income, after accounting for all expenses, amounts to $3,800, providing a solid foundation for potential mortgage payments or land-related expenses.While I am confident in the value of the land to my operations and its long-term potential, I recognize the importance of careful financial planning and strategic decision-making.

Let's delve into the situation you've outlined:If your rental income exceeds the 27.5 years of depreciation and deductions, resulting in a positive net income, you are correct that this surplus becomes taxable income.

Me or the previous owner or can the surplus funds be used to recoup the HOA debt?

Very importantly I don't want tax to eat all of the surplus I earned through Airbnb, and that will happen if I don't figure it out.

In MA all you typically hear about is MFH which is like you said scarce in some areas, we definitely have a surplus here so it makes sense to hear more about them and the benefits.

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

But you are in a good spot, Peterborough has great rents, and a surplus... almost to say in tenants.  

In Maryland the surplus of the amount I bid above the tax lien does go to the homeowner. 

Many new properties in the lease-up stage are offering concessions and we have noticed a higher than usual surplus of rental listings.Below you will find the total new multifamily units: *data provided by Johnson Perkins Griffin Apartments SurveyThe number of units planned or under construction for multifamily properties decreased to 9,479 units.

Things that will be an issue for the Builders Risk:- some living there during the reno  (that is a very tough one)- prior water of fire damage claim (many regular companies will not do this so you may have to get coverage in the Excess/Surplus market (Lloyds of london, etc...)- delay in the start of construction (you may have to insure it as a vacant dwelling then switch to the Renovation Builders Risk when you are Ready to start)