Create a checklist of actionable items.

Feel free to free to message me if you'd like to discuss this in more detail.

It's a little bit of a complicated situation, so I won't go into too much detail.

Without the gritty details I wouldn’t jump to conclusions that it will cost that much.

Based on projections and current bookings, I'm on track to make anywhere from 35-50% more than rental cost each month.Yolanda Thank you for the detailed response.

I'd love to hear about this in more detail. 

There are prolly some other items you want to do before needing to communicate with a CPA.1) You should develop a real estate strategy based on your strengths - Will you be a buy and hold investor, fix and flipper or focus on short-term renting.

I don't want to divulge all the details for the world to see, but basically my father left me an asset when he passed away and a couple of moves with that asset allowed us to book a huge Capital loss carryforward, which I finally got to use with this sale.

You should also dissect BP forums and blogs to get more detailed information on your niche. 

Tonight is a holiday but I will review all the details of our Florida real estate contracts as I know there is a section that discusses cooperation from seller with closing out of permits, liens, etc