At the end of the day, as long as you have the zoning you just need to go talk to your city planning/building department and tell them what you want to do.

Tax treatment on short term stuff is an issue. 

I would keep learning and building your working capital.

You will need it for your taxes.  

I'm potentially looking to purchase a small rental building which falls under the NYC rent stabilized program.

You are essentially building a list with all the records they provide of owners who, based on the filters you add, might be interested in selling.

Hello – I'm looking for confirmation of understanding/ advice relating to transferring property into LLC and treatment from a tax perspectiveMy parents completed a 1031 exchange over 2 years in their own names – they file a joint tax return.

with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.

Would both LLC’s be filing tax returns?

It is time to ask for some help making a new strategy for my mixed-use property.Background:I have a mixed use multi-family building in a commercial district zoned as Urban Mix.