Tenant who has been in property for 6 months came to us and wants to break his year long lease to move into another house in the same neighborhood.

And as long as you own that property you'll never pay the tax. 

I'm thinking of investing in a property in Miami (Edgewater area) for short term rentals.

How long have you been an investor? 

I read their cc&r and the only thing I found that relates to rentals is a line that reads “Property shall be used for residential purposes only”But I’ve reached out to the hoa and was told “Our HOA regulations say single family home which means No vrbo or short term rentals.”I’m getting confused since I’m fairly certain that single family home doesn’t mean what they think it means.

Thanks Sean- so as long as I own both the land trust & property mgmt LLC and also meet the material participation requirements then the hours for material participation just retire to the property itself the fact that I am earning the hours while managing the LLC doesn’t matter correct?

How long did it took to build all? 

Lawyers may have to be involved, thus delaying and complicating the process, however, as long as nothing was done with intent of causing whatever caused the claim, they'll cover it.

Then you can refinance at $75k in 3 months as long as the ARV is $108k+

From a cash flow perspective, you’d really need to think long and hard about the cost of leveraging these properties, especially in the current rate market.Yes a bigger purchase price might mean a greater potential of higher gross cash flow and appreciation, but that cash flow might get eroded fairly quickly if these moderate interest rates are here to stay.- REI CPA from CA