Tax it at ordinary income tax rates, that is fair, as after all, the contribution was tax deferred, but to then take an additional 10% is unfair.

After I informed them to fix it (duh); they called my wife and played the sympathy card for the family in the house. 

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

By day I write software and by night I hang with the family, play soccer and (lately) indulge in RE books.As far as REI experience goes, I own 2 investment condos in St.

Who knows- it could be impossible or it might be simple and fairly inexpensive, but you can get a fast and free answer at city hall.

Not only will this help my business but I think it's more fair for everybody......

@Brian Hill Hawaii is more of an appreciation market, so the ROI is more of a long term play

As I recall this was somewhat cumbersome and takes a fair amount of time.

@Raul R.I am not an expert in short-term rental rules in NYC.My understanding is that it can only be deemed legal if the host does it in an apartment that is deemed commercial and below 4 stories.With that - I take it that anyone doing a STR in a building 4 stories or more is illegal.Furthermore - people who are doing a STR in a building 4 stories or less where the building is not deemed commercial - then it is illegal.A lot of people are playing outside those white lines.

This is still relatively close to downtown Denver and over the long-term is probably a good play development from Sloan's Lake continues south and will come here eventually.