Quote from @Don Konipol: Everything is good, wonderful, well worth the money, an investment in your future, member of a tribe, the networking alone is worth the money, yada, yada, yada.  

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

The type of information needed depends on if the building is being constructed in the future or if the building already exists.

With the current market conditions, I can definitely see more of these type properties becoming available in the future.

Andre,First off congrats on making the move out of CA and into a more accomodatinng state like CO in terms of Taxes, Home prices, and future to build a sucessful REI portfolio. 

If I get motivated enough in the near future I may do more research and experimentation with it.  

I did the NC property out of state and was not happy about the returns so future ones will be in my backyard only.  

As a land lord you need to be putting away $1 per day to pay for your future roof. 

It’s awesome that you’re taking steps toward buying in an area you love and planning for the future—whether it’s as a second home or a long-term investment for your kids, this is a meaningful goal.

Best of luck for your future!