Tax StructureThe short-term rental rate varies by locality and is the total of the following rates:State: 5.7%Local: up to 6% (Boston 6.5%)Cape Cod & Islands: includes additional 2.75% to fund Cape Cod and Islands Water Protection Fund A community impact fee of up to 3% may be assessed locally on professionally managed properties (Owners of two or more units in one town).The law requires regulations to minimize the administrative burden on tax filings for those who only rent their unit five (5) months or less each year.

If you mess up then they get the property and all the work you have done, (or not done) and your name, credit, etc... gets drug through the ringer.

One thing worth considering is the political climate around real estate loopholes and the current administrations plans to increase IRS staff to increase the number of audits.

Oh and did I mention Rob Lehmann drugs and gangs are rampant.

For instance, in some houses they will hide drugs in the walls so not only did they mess up your house but when the cops come (and they will eventually if they are selling) they completely wreck the house.

And I do hereby bind myself, my heirs, executors, and administrators, to warrant and forever defend all and singular said premises unto said C D, his heirs and assigns, against myself and my heirs and against every person whomsoever lawfully claiming or to claim the same, or any part thereof."

I am trying to figure out what my absolute minimum administrative costs can be, and work up from there.

Yes, both the condo and planned communities are further governed by the Nonprofit rules, which are primarily administrative.

Upon her passing, the administrator named will be responsible for managing or distribution of the estate assets according to the wishes of the decedents.

That would me more speculation with the hope that security and drug issues improve in the next 10 years and tourism picks up.