Good day everyone,Long time reader, first time poster here.

It's a long process and an uphill battle in your position.

Can they prove how long it takes to rent a vacant property?

Again, please read thoroughly the statutes, they should outline if you must or not keep separate, of course interest or non interest bearing, etc… As long as it does not specify “where” you keep the account, you should be able to put that in your brokerage account.Here in Florida, we can’t commingle accounts and must reconcile each month.

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

As long as you are living there, it shouldn't matter. 

Know that once a grouping has been established, it must remain for all future tax years.A third way is to have your spouse qualify for REPS status.

Establish the LLC for accounting purposes but don't move the property into it?

It was appraised last year I think 176k.

Hi BP Community, I have a few long-term rental units, but am thinking about transitioning into the more lucrative space of STR.