With the results of the mayoral race (selecting the democratic candidate who will win the race) - I am curious to see what other people are thinking WITHOUT making this a full blown political post against a party but impacts that could occur.The winner was advocating for expanded rent controls / rent freezes, stricter tenant protections, and major changes to law enforcement—all of which have direct implications for asset management and long-term value preservation.This isn’t about politics.

Are there specific guidelines or tax implications I should be aware of based on how I plan to use the property?

It seemed like most the folks you have on staff are CPA or other, but no specific legal experts.

@Michael Arceo It is always recommended to limit your liability so that your person is not impacted by a legal business matter.

Legal Separation Needs: (for any reason if other houses have a dispute or litigation with developer, is it impacting my constructions as well?)

In this case, you should have an Architect / GC visit the space and tell you what it would take to make the basement "legal".

@Spencer Wann Great question and it’s wise to think through the tax implications now if you're planning to 1031 exchange a short-term rental (STR) that had a cost segregation study.

I am only askingfrom a legal perspective.

My family and I recently relocated to Worcester, MA, and we’re currently operating one of our residential properties as a short-term rental (STR).I’m seeking some guidance and insight regarding tax implications and optimization strategies for STRs.

Maybe it could work, but it sounds legally sketchy.