Our OOS investments did not do nearly as good as our San Diego investments but not because of the usual reasons of having no appreciation and higher expenses than TK estimate and newby investors anticipate (Our lack of success was a combination of mother nature and unfriendly taxation).

Best defence is proper screening and regular inspections, quarterly, will control most damage along with only providing M2M leases.

@Daniel Mills, Sorry I can't speak from the Japanese side of taxation. 

If something happens to a plank in the middle of the floor (which I have never had happen), you can pull up the quarter round and get to it to replace just that plank instead of the entire floor. 

How about we leave our taxation structure the same, and in that pie chart I posted (you saw that right?)

The total sewage charge will cost ~$9,000, payable in 15 years on a quarterly basis. 

They get a check each month, quarterly, or as agreed.

(Admittedly deferred taxation can be a substantial benefit) but still I don’t see real estate investing as being specifically favored by the tax code. 

Should I just stay with a pass through entity and pay my taxes quarterly? 

If Denver generates enough income with Airbnb taxation, then other cities will fall in line.In the first six months of 2017, Denver collected just under $1 million in hotel tax from Airbnb and short-term rental hosts.