Some of the answers in this thread seem to be addressing the K-1 aspect, and some seem to be addressing the potential UBIT aspect.While convenient in terms of getting quick responses, the pitfall in seeking answers to regulatory issues (such as taxes) in a social networking platform such as BP is that the respondents tend to answer the question as worded. 

After Denver changed their STR rules every body does MTR and almost nobody is winning with it.

Anything under $3000/month for an apartment or $5000/month for SFR I wouldn't bother, since 99.9% of the population lives with a standard wall-type shower head anyway.Rain showers, body sprays, etc look great, but are definitely pricey, luxury features that should be reserved for pricey, luxury rentals.And while I'm sure "the ladies" may like the rain shower, I do also know that my wife's #1 complaint about showers is lack of water pressure (too low, and shampoo becomes really hard to rinse out).

., limited to no long term regulatory risk)2. produce an 8%+ cap rate. 

Our subject is 32 years old, a regulatory attorney living in Seattle.

These markets may have higher demand for short-term rentals, which could potentially lead to higher occupancy rates and revenue.Local regulations: Research the local regulatory environment for short-term rentals.

blobid=50933 https://www.ci.oceanside.ca.us/gov/dev/planning/str.aspCarlsbadhttps://www.carlsbadca.gov/departments/community-development/short-term-vacation-rentals Del Marhttps://www.delmar.ca.us/563/Short-Term-Rentals Encinitashttps://encinitasca.gov/Government/Departments/Development-Services/Planning-Division/Regulatory-Permits/Short-term-Rentals Vistahttps://www.cityofvista.com/Home/ShowDocument?

It was so bad that we’d find dead bodies behind trim, inside outlets and light fixtures and stuck between window sills.

Granted I bet people pee in our pools but its a larger body of water and chemicals constantly maintained. 

Many times I'll spend 20-30 minutes or so skimming body hairs off the top of the water (think hairy men's chest/body hair that sheds in the water) that would be gross for the next guest to have someone's hair sticking to their skin in the water.