Quote from @Cliff Benner: @James Carlson what cities or counties are you seeing, in the more mountainous areas of CO an hour outside of Denver, that still allow STRs if you live on the land the cabin is on? 

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

A land contract has been signed in the county between me and my buyer documenting this transaction. 

Cash flow is important, but appreciation, principal paydown, and tax advantages are also key factors in long-term real estate success.Your logic makes sense—if your investment property’s rent offsets your primary mortgage and you’re in a strong appreciation market, it could still be a great long-term play.

Is that because you don't know what your Real Estate goal is?

Beyond residential lending, I have a strong interest in commercial lending and real estate investment. 

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

Hey Trevor, welcome to the real estate world!

I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income. 

In real estate, that would look like some solid LTR and maybe commercial tenantsThat being said, there are still many opportunities in STR in many areas.