Self-Directed IRAs (SDIRA) or Solo 401(k)s allow tax-deferred or tax-free real estate investing, though they come with IRS restrictions.

Even new laws restricting short-term rentals seemed only to present new opportunities to savvy investors who knew how to find the gaps.But the last year here, I've started to wonder if Airbnb and short-term rentals as I've known them are dead in Colorado. 

Both allow for renovation and the Homestyle is less restrictive than the 203. 

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

I believe it is limited/restricted in the city of San Diego for low income housing. 

One thing I continue to think about is how valuable 2-4 unit properties are becoming, and will continue to be, since Fannie/Freddie took the income restrictions from the 5% down conventional loan option for house hackers. 

I use the individual stackable units when I have space restrictions.

Condo: Condos may offer maintenance benefits, while homes provide more control.Size and Layout: Ensure the property accommodates your child’s needs and potential roommates.HOA Fees and Rules: If considering a condo, check for restrictions that may impact student living.4.

I have heard there are FHA construction loans but that they are pretty restrictive and do not allow for multi unit construction.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.