I have some capital for investments, but limited by the amount of deals I can do.

Limited funds for down payments.

Let the results, good or bad, speak for themselves and teach.Don't Have a Scarcity MindsetKnow that when you invest your money, you are not limiting your income by exercising your savings.

Hotels closed, operated at limited capacity or became undesirable due to people wanting to avoid close contact.

As I'm sure you're aware, the SLC market is brutal for buyers right now, with very limited inventory and swarms of buyers for every property on the market.

That really limited my investing options, but you set me straight.  

Unless you or your spouse are real estate professionals, the depreciation will be limited to only offset your rental income.

Just a heads up on STR's, you won't be able to operate one in the Austin city limits, and several parts of Travis County, unless you are a primary homeowner.

If the Federal Law says the animal must be an animal that is normal kept as an ordinary household pet, I don't think the states can loosen that restriction to allow "any" animal because that would violate the Federal limitations. 

To rephrase your question: let's assume that you already have a net loss from your rentals, and for one reason or another, you are limited in claiming these losses in the current year.