Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.

@Kenny Smith the data I saw yesterday from Metro Denver Economic Development Corporation says that the front range is losing a few folks and the Western Slope is gaining a few more that your above number so while Colorado is gaining, the front range is losing and the Western Slope is gaining more.

Being able to use real estate to offset taxable income requires some sort of participation on his end.If he wants you to be the boots on the ground, it will likely be hard for him to reduce his taxable income.

The property is worth exactly what it is with zero STR rental income.

With absolutely no prior experience investing in real estate, I'm getting to the point/age where retirement from corporate America is getting closer and closer, however I still have 2 kids to put through college over the next 2-6 years.

@Nick Belsky these guidelines are for US Citizen living abroad with income on 2255?

We only look at the income the property is generating for those. 

@Blake Johnson If investors want to divide real estate holdings without triggering a large tax bill, the biggest challenge is that transferring assets out of a corporation is typically treated as a taxable sale at fair market value.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

FINCEN just sent out a new update about the Corporate Transparency Act / BOI Reporting.