I have read a couple of books, watched some videos, and started perusing through this forum, and will continue to learn so that I can achieve my dream of becoming financially independent, as I'm not looking to make millions tomorrow!

Since this would be considered taxable event the property must be appraised by independent third party, which would dictate the taxable amount. 

You're already seeing this on the other side of Port Richmond/ Kensington with developments like Kensington Courts at Frankford and Lehigh that is acting as the flagship for that area's serious development.19140 has historically been a rental market with no high price tag real estate since Philly hosted the World Fair in 1926 which coincided with the 150th anniversary of signing the Declaration of Independence.

I recently had an independant mortgage broker send me a fee sheet on a house I was looking at refinacing.

The key is to ensure that the lender receives independent legal advice.

Their fees are higher and they often don't achieve higher revenues than the independent managers.I'm not sure I understand your question: What’s the typical premium paid for a short term rental?

Hello everyone at Bigger Pockets, I'm so excited to starting this journey we are all in to financial independence.

You would have to get independent third party appraisal on the asset you are converting minus debt and that would determine the taxable amount.

Have you compared it to other insurance providers or even independent agents?

Real Estate BackgroundI have spent the past four months learning non-stop about real estate investing after stumbling upon Bigger Pockets and the Financial Independence community.