I use mine for storage of beach toys, drying rack for swim suits, storage of extra supplies and on occasion it’s an extra parking space.  

However, it's important to recognize that some income is better than none, particularly in today's challenging rental market where securing tenants can be difficult.Additionally, if you require assistance managing your property, I am affiliated with a property management company specializing in comprehensive services for long-term rentals.

Maybe also specialize in finding these deals.Also build a solid team.

However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

I have one contact that specializes in luxury and another that is more for "average" STR's.

It really is something special and a bit of a hidden gem. 

To navigate these complexities and ensure you’re optimizing your tax strategy, it would be wise to consult a tax professional who specializes in international taxation and U.S. real estate.

More trouble than its worth unless you partner with an operator that specializes in it and can provide the expertise, nursing contacts, etc. 

Do you specialize in the Landlord tenant laws for Maryland?

Connect with a real estate agent specializing in investment properties in your target areas.Good luck!