It is better suited to someone who loves Costa Rica and would like a property that they can spend a few months a year at if they would like and still cash flow after all maintenance and utilities and taxes.  

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

Have you seen the post that I was asking about Lamborghini to write off my Airbnb tax?

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

After this tax year, I will know exactly what I need to do to progress.

I'm not motivated, but the homes needed work I didn't want to do or I did if for strategic tax or debt shell game reasons.

I've never been amenable to systems that insist on a monthly tax on my business.

Mello Roos are bonds that are floated to do off and on site development and then added to the tax bill. there is also 1915 act bonds etc.. if there was not the ability to float bonds CA would never have developed as it has as the up front captial for major improvements would have been a major stumbling block..

If the airport authority would deed the buildings to me, it would cause them to be entered on the tax roll.

Or maybe it was just some tax identification number, I don't remember clearly.