They'll tap out in 3 months, max.Rates can increase.

@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

There is a lot to say here that would take awhile to write but a few things:  1. 

Welcome to BP !

LIREIA hosts at least one meet-up event every month on Long Island. 

In fact, just finished one that I have yet to put on the market. 

Months later, Tenant is now claiming close to 10K.

It is big enough to build at least 2 separate ADUs.

@Lou Cautero - I'd be happy to talk with you and see if we have any common interests.