Under Denver's Airbnb laws, those would be treated the same as any other kind of rental on the property where you live (whether that's a different kind of basement apartment/mother-in-law suite, a carriage house, or just a room rental STR).

North Jersey has treated me well and it continues to win for my clients.  

There have been so many famous court cases over the past decade that have established STRs can be deemed commercial activity and treated accordingly that I thought it was common knowledge by now, but I guess I was wrong and I apologize if I offended anybody. 

(emphasis added)So, in the Morcos case, the entire house was treated as a single dwelling unit, accordingly subject to Sec. 280A.

The real question is how do the tenants treat the property now.

The MIP was about $3300 and I am wondering how to treat this cost.

YOUR COMPANY NAME, we strive to:Return all correspondence within 48 business hours with a plan as needed.Complete all maintenance issues and repairs efficiently, quickly, and courteouslyConsistently improve the aesthetic look of any property we manageMaintain affordability in rental rates and treat our residents with respectProvide exceptional service and support to residentsWhat Is a Lease?

If you are looking at a property with a homestead exemption, the property is likely owner occupied.Homestead exemption provides a discount on property taxes.If you will treat the property as a personal residence, you can assume you would receive a similar discount.If you will treat it as an investment property, your property taxes will likely be higher.

When they stop paying rent the government does not allow you to collect.Take the time to attend the LTB hearings in your area to get a feel for how the adjudicators operate and how they treat landlords.

I have several businesses, you don't treat your good customers like that.Risking pissing off and losing great tenant and stable rent for 70 bucks?