If I post a question on BP, I would take the comments with a grain of salt and verify it with other official sources (e.g IRS site, a CPA, local government site which spells out landlord-tenant laws etc). 

I myself am working to secure a small multi family here in Salt Lake County, Utah and I see the value of sober living.

I live in the Salt Lake Area in Utah and I've joined some Facebook groups and I've been trying to find people on here as well, but what's the best way to find buyers in my area?

I typically take it with a grain of salt as going on someones podcast does not affiliate you with them, it may look bad but I do not hold it typically against people.

This would allow you to take $25,000 in rental real estate losses, so if you take advantage of the new 100% bonus depreciation rule or maybe look into a cost segregation at that point, it could make sense.As for trying to reduce the rest of your tax bill, make sure to keep track of all your taxes paid now that the SALT cap has been raised to $40k.

I am living in Salt Lake City, Utah.

So I have no input on how to do it as room rental only.However, for tenants:Think traveling nurses, entertainment biz workers, students on practicum.For creating your forumulas:I generally tell people to look at 9 months to determin annual revenue. consider marketing costs, deep cleaning costs (especially if pet friendly), and minor maintenance/refresh.Ton of "info" out there, take it all with a grain of salt.

Hey Kevin - totally get the frustration, and its a good learning lesson on why you have to take what's presented on social media with a grain of salt.

Prices have cooled off a bit compared to the peak, but demand is still really strong in areas close to Salt Lake, Utah County, and some of the up-and-coming suburbs. 

If anyone here is in Utah (especially Salt Lake or Utah County), I’d love to connect.