That's wonderful.Your state requires 72 hours of Real Estate education. 

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

The answer will form around what work you are doing that requires permits.  

Please - do this today: Send her a Notice To Quit for Non-Payment of Rent; you will need to send this to her via USPS with proof of delivery required so you can use it in any legal proceeding.

If STR material participation requirements are no longer met, depreciation deductions may be limited, impacting how much you can offset against active income.

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high. 

.- Creative Financing Solutions:Options like subject-to deals, seller financing, and syndications can lower capital requirements and increase your purchasing power while providing flexibility for properties with complex financial situations.4.

You'll want to read Maryland new requirements for landlords.https://dhcd.maryland.gov/TurningTheKey/Documents/HB693-Land...

Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

The high end is the 20 or so co ops on 5th Avenue or Park Ave (one is on East End Avenue) that require liquid assets of $100 million + to gain board approval.