The bank statements has deposit showing gross pay from the pay stub and not the net pay after taxes.

Tax autos out of existence. 

Investment properties pay more property tax than home owners.  

Just make sure you account for Denver’s higher property taxes, insurance costs, and the ever changing landlord regulations when running your numbers.Feel free to ask more questions about the area or strategies—I’ve helped clients with similar goals and have personally done house hacks and short-term rentals around Boulder and Denver.

If you’re looking to build long term wealth, accumulate assets, take advantage of tax code, and benefit from appreciation, then play the appreciation long game.

Higher property taxes compound the expense for buyers, making affordability harder to achieve.

But tax benefit of MTR if there is difference between the 2 vehicle.

(cash flow, tax benefits, potential for appreciation) Whats the timeline?  

Income taxes are a lot higher on rental income. 

It sounds like you understand that you can only 1031 the real estate and will have to pay tax on the portion allocated to the business FFE.