They have no choice, I sell to non-qualified buyers (They have a down payment but can't get a bank loan).Single member LLCs default to pass through taxation

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

It's a MIL apartment down in the lower quarter.  

So, yeah, they're looking at a quarter of the pie, not a third.

I would refer to it as taxation not extortion, but either way - they need the $.

I live in Colorado and would like to purchase my first rental here, but it seems too risky with all of the upcoming restrictions and potential quadrupling of lodging taxes.Seems like commercial taxation of Colorado STRs might be amended pretty heavily.

Authority: Section 15606, Government Code.Reference: Sections 105, 211, 223, Revenue and Taxation Code.

I won't be itemizing, so the quarter we occupy will not be deductible this year.

In general, capital gains from the sale of an asset may be subject to taxation.

There's now a competing bill in Colorado about property taxation of short-term rentals.