. -- If you're house-hacking by Airbnb-ing or short-term renting a portion, the city laws in Denver and surrounding suburbs all vary on how you can do that.

Thanks to plenty of smart people here on BiggerPockets, I have learned that it may be possible to offset a portion of this unexpected higher W-2 income with the purchase and "active management" of a STR. 

This is likely something you'd want to revisit in 10 years rather than now.I know you mentioned the anonymity portion, is this worth potentially spending $2-3k per year or more for?

And outside the exchange the exchanger now owns a note secured by the property they sold that has no tax associated with it other than the interest portion of each payment.The key is finding a buyer for the note, or having enough cash to purchase the note from the exchange account. 

He can try to find a real estate agent to sell that 1/3 portion, but it would probably be beneficial to all 3 of you to let the agent sell the whole tract. 

Negative cash flow suggests the rent portion isn’t a high enough return.

Bonus depreciation is derived from the portion of the property's value with a shorter useful life than the buildings themselves.

I have some small lots and some acreage scattered around, mostly in the Matagorda, Victoria, and Corpus Christi areas.I've noticed a slight decline in $/acreage around the southern portion, and I'm curious to know if anyone is interested in Texas acreage or what trends you've been seeing lately.

There is clearly intent to purchase using a loan for the majority of the purchase, and then borrow back the down payment portion from your seller.

If you get a rent increase and the tenants portion goes up a little and they complain, say oh well you can leave, but the new place will have the same rent amount.