Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

If the tax deduction for investment was limited that first year because of the amount I stayed then that's just what it is.

Upon default, our deed of trust specifically allows us to require the borrower to prepay into an account to cover insurance, taxes, or any other unpaid obligations.

I also have about $60,000 in a Traditional IRA that I thought of pulling, but the taxes and penalties might be far to great since I am 44 years old, not 59 1/2, but is still an option.

Trying to understand the Net Profits Tax structure and filing and I have a few questions:1) My understanding is that out-of-state rental income is subject to NPT though a credit is applied for any taxes paid to another locality (state tax not included).

With all of the changes in Florida Insurance, I am looking for some guidance on who to use and who to avoid for new policy coverage.  

You would likely be able to recapitalize quick.If not, I would avoid that creativity, especially with friends and family...

I'm going to guess your costs have gone up (insurance, taxes, utilities) and they should be passed on to the tenant.

That way increases in costs of insurance, property taxes, etc are passed onto the tenant. 

Now you may be able to find options with less points, but the only way you may be able to avoid those is by going with a DSCR option.