My daughter and I did a road trip back in July, my wife had to work that week. I purchased two Florida Resident annual passes for myself and my daughter (11 years old), right at the ticket booth entering EPCOT. I showed them my photo ID and our most recent electric bill that showed our condo's Kissimmee address and my name. That's all they needed. I think the total cost was about $1000 USD. In August my wife purchased her own, however because her name is not on the electric bill, she couldn't get the resident discount this time. She will be setting up a local bank account so come next year, she'll also get the discount. I believe the renewal fee will also be even less next year. Considering we are down 3-4 times per year, the annual passes made sense. They're also handy for discounts on merchandise, restaurants, half price mini golf, and so forth. The Disney website breaks down the prices so you can get an idea of how the annual passes work. We did not get the Waterpark option. I'm doing a solo visit for a few days next month, and I'll be hitting all four parks while I'm down!