It may be close to one of the nicer areas but perceived and natural barriers make the two areas very different places to invest.

Depending on the nature of the renovations, you may not be able to deduct the full $40k in 2018.

I spend my winters in Colorado and want a get away spot I can go on weekends to relax be close to nature.

Syndications aren't right for everybody, and those of us who bring passive investors into deals have a responsibility to make sure our investors understand and can handle the illiquid nature of syndications.

Zach, to Taz's point; I think there is legitimacy to what he raised, long that's been my 1 critical point on R2R, that the nature of the operations seems to be rather.... opaque.

It is rather capital intensive and takes a skill set that requires a lot of repetitions to get good at(when you’re naturally bad at them like myself).

It's crucial to note that the STR market is not collapsing; rather, it is going through a natural evolution. 

When I imagine how I'd start out, naturally, I am thinking about acquiring a local property - probably a single family home because the multi-family units are out of my price range (for now). 

I like the idea of it being a very Red state, nature activities all year round and I think that areas like this are scare and will continue to appreciate if they continue to keep their beauty and policies. 

This is not the first time I have heard of issues of this nature as many of the investment clubs I am in are seeing GP's stopping the issuance of dividends and performing cash calls.Lastly, if you are a single family investor and thinking - who cares this is commercial, recognize commercial real estate has a significant impact on residential real estate since it will lead to banks being more strict on lending and a drop in rental rates on MF will make its way to residential.