Basically, new rules were put in place to make sure condos are safe and sound and are holding adequate reserves.

Legislation is pretty clear in on priority to keep safe unpermitted units.  

You should run your numbers independently of a proforma to be safe. 

However, improvements generally need to be capitalized and depreciated over their useful life unless the amount is below $2,500, in which case you can utilize the de minimis safe harbor to deduct those costs in the current year.

I feel reducing debt is a safe bet.Thanks,Troy

Be safe!

If guests feel comfortable, safe, and cared for, they’re more likely to return and leave positive reviews.

How passive and how safe these other options are, are also important factors to take into consideration.

However, the whole East Coast is at risk of hurricanes, the midwest tornadoes, and west coast mudslides and Earthquakes, so to me there is no really safe area. 

@Graeme Wright, Hoping you and your family are staying safe and healthy during these uncertain times.