Despite being a market with elevated prices, it continues to attract international buyers and is a symbol of global status.5.

There is a cap on short-term rental permits in Breck and in Summit County ... and both caps are well over the limit.I'm not against AI, but these types of un-vetted responses can harm new investors. 

Most important will be your 401k sharing in the income and expenses pro rata according to the original investment breakdown.  

These costly improvements are pushing rents up.While effective rents (factoring in concessions) may be declining, asking rents remain high as landlords aim to maintain their property value.

In a few years I'll be a rental property tycoon, but should probably get a job first to fund my RE business.

It’s being rented for $700 (yes below market rent).  

Based on rental income would be great since I'm self employed so minimal documentation is best for me. 

Take out loans to fix it up and then take out a mortgage at fair value.I could be missing something though, good luck!

This allows you to meet the material participation requirements based on your combined activities across all the grouped properties.But yes, RE Pros still have to spend over 750 hours in real estate activities during the year (and more time doing this than anything else) to be considered material.

I'm doing this for the first time on my own after a divorce, so I'm aiming for efficiency, affordability, while also being able to find tenants I feel good about being such close neighbors with.thanks in advance!