If you switch to or stay with the custom tax settings, you'll need to update the amount of tax collected to 7.75% because the 9% city tax will be collected and remitted by law to the city on your behalf, but  the 6% state and 1.75% county tax will be collected and sent to you to remit to the state and via Avenu to the county. 

Also ask, when you submit the plans does the city give a hard time on all the stuff or just a couple things. 

But in general, your biggest risks are not necessarily what's the maximum rent you can get, but can you find a reliable tenant that will always pay and pay on-time.

It’s my favorite city in Florida! 

If interested in adding another state / city to the list I am happy to connect - but hopefully this is irrelevant and you are already progressing along well with your purchase!!!!  

One of the biggest complaints was the lack of places to stay and the expense for such.  

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

Hurricane Helene was the biggest flooding event in Tampa bay in over 100yrs just last fall.  

Biggest mistake I see people make

Focus on running a clean operation rather than perfect technical compliance.Pro Tip: Your biggest risk isn't the IRS - it's partners who might complain to the IRS.