You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped. 

We do have a meeting with a local broker/real estate agent next week but thought it would be best to jump on line and take a look at some local properties and if nothing else practice our valuation process.

My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.

The local area has a few attractions and similar STRs have done well based on what I see online)The plan is simple. 

You can also directly use the BP Marketplace to find potential JV partners or buyers, which is a great way to connect with people who are already looking for investment opportunities.In addition to online forums, attending local real estate meetups and conferences can give you face-to-face interaction with potential partners or buyers, which often builds stronger relationships.

On another note, does anyone know of an online insurer that will write specified actual value policies that would allow me to choose the actual value that is adequate for my program?

Alternatively, you could waive the commission in exchange for a small equity share in the deal, aligning yourself with investor success.Once due diligence is complete, network through real estate groups, your spouse’s contacts, or online platforms like BiggerPockets to find investors.

Surround yourself with people who can help you grow, both locally and through the online investing community.If you need help with financing strategies or analyzing deals, feel free to reach out. 

You’d need to file the Articles of Organization with the Colorado Secretary of State (the cost is around $50), get an EIN from the IRS (which is free and can be done online), and possibly draft an operating agreement, which isn’t required in Colorado but is still a good idea.

Go for a local manager, not an online, discount company like Evolve or Vacasa.Try to interview several managers.