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! 

Regardless, there are 2 main criteria I use when seeking out coaching: 1).

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

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.

Some have multiple lines with other features and I'm just showing the line that most closely matched my criteria.

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

@Jack Little The note itself, shouldn't really need any specific language for the 1031 exchange.

Specifically, a HH can substantially lower your living expenses, while increasing your income.