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. 

Originally listed above $200k, we landed at $171k.

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? 

You both have W2 jobs - so you're likely not a Real Estate Professionals - so these losses will be passed on until they can be deducted from other passive income in the future.

Reason I ask is there are going to be a lot of real estate ventures where ALL money is lost, and many are due to poor management or buying a deal they should not buy.

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. 

To thrive in real estate investing, you must maintain a firm grip on your finances.

If you’re just getting started in real estate, feel free to reach out – I’ve been coaching a new investor in the Houston market for a while and am happy to help you however I can.