Your bio says "Denver" but that could mean a lot of things and there are significantly different rules on renting out your property whether you're in Arvada, Westminster, Aurora, Denver proper, etc, etc.

Make sure to work with a forestry professional to ensure sustainable harvesting practices.Rent it for Storage or Equipment: With the rise of RVs, boats, and large equipment, you can rent out part of the land as storage space for these vehicles.

I have zero stress having the systems in place with the proper people in place to manage my day to day operations.

Maintain detailed records of all renovation expenses to substantiate deductions and ensure compliance.This post does not create a CPA-Client relationship.

These details will guide how much you can build and where.Engage with Municipalities: Start conversations with local governments early to ensure your plans align with their expectations.

They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.

You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!

There’s a lot of opportunity locally, but one of the 3 keys to success in STR investing is having enough cash to do them properly.