If all of your costs are required to be capitalized into the tax basis of the house you are selling, then you might not actually have any income or deductions to report on a 2016 partnership tax return, in which case the IRS instructions state:"every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes."  

If this is your design, have you given consideration of space needed for HVAC and domestic hot water?

I may not deny you if you if you have a DUI, but I will deny you for domestic violence. 

Coming from someone who travels often and stays at a lot of AirBNBs domestically and internationally, I have to agree that the shared bathroom will hurt your marketability.  

@Mark S.Also, take a look at IRA Services Trust Company as they offer self-directed IRAs that can be invested in both domestic and foreign investments.

I have never understood the binary thinking understand the hatred of some folks against tax advantaged retirement accounts.

International tourists probably have more money to spend than domestic tourists.If you had to sell in 5-20 years, you would probably see more price appreciation in Hawaii than Colorado.  

The goal should be to have insurance and as much as you can get (even an umbrella policy), AND establish an LLC that works with a Asset Management Liability Company, that then works with a Domestic Trust and eventually when you have enough in assets to warrant it (500k-1.5M in assets) a Foreign Cook Trust that can be used if an event tiggers the foreign trust.

We have a tenant at a property we manage that was in a recent domestic situation...back story: she filed a protective order against her boyfriend and moved from a city 2.5 hrs away...we accepted her as a tenant at one of our properties and she was making a clean start...great background, credit, and income...she easily met all the requirements to be in the unit.

Sure, a bit:  Deserving applicants can be referred to the Middlesex County Board of Social Services  (website below:) https://middlesexsocialservices.com/programs/and they administer temporary housing assistance, long term housing assistance (section 8), emergency relocation (think domestic abuse victims, flood victims, etc.) and other programs.