What I truly need is an advisor capable of fleshing out my skeletal plan, critically reviewing my assumptions, and providing expert insights on portfolio management, tax implications, and potential pitfalls.

Even if you your loan payment hasn't increased, property taxes and insurance increase.

No property manager needed and you can offset your income with tax deductions.  

Your property taxes might be going up if a new plan passes.The legislative proposal -- which passed a key legislative hurdle yesterday -- would classify short-term rentals rented for more than 90 days per year as commercial property for property tax purposes. 

Why are we paying this: He didn't pay taxes or insurance on the house for years, voiding the agreement.

So that's $84k per year before taxes.

You can live in your Residence for 2 out of 5 years and when you Sell it is Tax-free up to $250,000.

This includes budgeting for renovations, understanding your cash flow, and preparing for both expected and unexpected expenses.Legal and Tax Considerations: Consult with a legal and tax professional to understand the implications of renting out part of your home.

The units were then sold as condominiums (where separate tax ID's were issued for each unit) & the buyers had no issues financing the units.

Hey all,Looking for recommendations for an accountant / tax professional to prepare my 2023 (and beyond) taxes.