Investors & landlords

This is not a simple question that can be answered properly in this public forum ... I highly recommend you sit down with a local tax professional to discuss all the implications this will have before you do something so you can make an informed decision. 

 

Also a discussion with the condo board to see if what you want to do would be permitted, a real estate professional to see if this makes sense in that regard  and  a contractor to see if it can even be done and at what price.