I'm ramping up my management services over the next few months, but definitely intrigued about room to room rentals and how to maximize your returns.

The customer service people in the assessor's office just read off the script and tell you that you can appeal via online, etc.

Yes, you only depreciate the rental side.7.

I've always seen a disclosure in rental lease by property management saying "This lease form has not been approved by the Colorado Real Estate Commission.

@Alex SilangAs someone who does lending I would lend on a long term rental over a short term rental 10/10 timesA STR is more running a business and always having to stay booked whereas long term rental is more stable.Higher reward available = higher riskBanks do not like risk

Some non-HOA neighborhoods can be sketchy/not ideal for short-term rentals.

IRS Publications 946 (How to Depreciate Property) and 527 (Residential Rental Property) can offer some guidance. 

Great to see you putting the BP calc to work.Did you get an actual quote for insurance or is this an online estimate?

Amazingly, it is apparently nearly impossible to get decent comps for this so I'm not sure how to approach figuring out whether to outright sell it (and for what price), fix it up as a rental, or market it as a knockdown for the land. 

An investor with 2 rentals won't pay the same as someone with 10 rentals.