Specifically interested in multi-family rental property investing.

It's important to understand how the credits will affect your specific tax situation and when you can claim them.Recapture Rules: There are recapture rules in place, which may require you to repay some or all of the credit if you dispose of the property or change its use within a certain number of years after the rehabilitation.Overall, historic tax credits can be a valuable tool for property developers and owners looking to preserve historic buildings and lower the overall cost of rehabilitation projects.

Talk with your accountant to get a more specific plan together! 

…Although they sometimes share food, housemates typically have their own food and make their own meals, so you’ll want a large kitchen with plenty of storage.

Yesterday, one of our representatives was asking for specifics on fire extinguishers, and the county representative confessed:  "Look, just do the best you can. 

There are other revenue streams we could add if we acquired a food and beverage license, sold merchandise, adding events during week (corp events), etc. in addition to the nightly rentals of the owner's cabin. 

Every submarket/micromarket is so unique, it's hard to know what your's can support when it comes to retail, and what it would be like to deal with those types of tenants, especially small business owners who may operate on a razor thin margin, like most food/coffee businesses do. 

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.

Food for thought:FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac Company

Can't say I am familiar with the specifics of NYS law regarding this.