The market here is still quite strong although leveling off a bit. 

Here's why. 1) If you take 6K off the loan amount, it drops your payment $41.44 per month but, if you take the same 6K and buy down your rate by .375%, your payment drops $226.73 per month. 2) While experts are predicting the Feds will cut the Fed Fund Rate, that doesn’t have a direct correlation to mortgage rates.

I am reaching out for guidance if this will create any tax consequences for the current year?

It adds a personal touch and helps guests feel more at home.Things to Be Aware OfLocal Regulations: Check local short-term rental regulations, including permits, taxes, and any zoning laws that may affect your ability to rent the property.Cleaning and Maintenance: Short-term rentals require frequent cleaning and upkeep.

Also on the upside, property taxes generally not too bad.

@Michael Turner Yes, you can combine time to meet material participation requirements if you're tax filing status is "married filing jointly".

For tax it all depends on what your goal is.

In Florida, the landlord is not allowed to do malicious things like remove doors, turn off utilities, etc.  

Hello, I'm hoping someone here can point me to a seasoned & experienced tax professional who could help advise me on the best course forward with my 1031 Exchange I'm in the middle of.

Don't believe what anyone tells you besides your insurance agent/broker and even then verify the info they're telling you, don't go off of the owner's previous insurance numbers.Also, be careful that in-place rents aren't already at market or above market slightly.