My question(s) are besides getting a new lease agreement in place what else should I be taking care of immediately and/or in the short term.

Tax considerations involve a lot of personal, specific considerations so you are on the right track going for a CPA (make sure they are familiar with income properties and short term rentals).STR is a business and involves "active" income versus "passive" income associated with typical long term rentals.A few general things:1.

Hello folks, new to this forum and to Real estate investment, looking to invest passively, both for long and short term, what would you guys recommend, what are your thoughts on real estate syndicates and who do you recommend, thank you

To earn passive income through house hacking, investors should ensure the rental income exceeds the expenses associated with the property.5.Short-Term RentalsShort-term rentals such as Airbnb can be a lucrative way to generate passive income, particularly for those with properties in desirable locations.

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.  

(Other rooms too I’m sure) The options may not be as attractive and appealing on a flip as we see them for our apartments but I know our tenants love having the $35/month electric bills once we get done installing the LED fixtures throughout all the units we rehab.

We are considering buying a mobile home park with short term private money. 

What are some qualities of successful short term rentals?

When you sell the flip, you'll pay a commission.So the short answer is that you are paying when you buy and when you sell.Everything is negotiable.

And on top of that (and to make a long story short) my ex-wife stole more than $800k from me when we split and we are in a nasty child custody case which costs a crap load of money.