From SH145 at "Society Junction," 4 miles west of Telluride, drive on 145 just a little east past the junction and turn left (north) onto "Airport Road." On Trails Illustrated #141, this road is labeled the "Last Dollar Road," #638. The Uncompahgre NF map labels it similarly. Follow the road uphill and around a sharp turn at the head of a drainage. The road continues west past the Aldasoro Ranch entrance. Bear right when the Airport Road turns off for the Telluride airport. Continue NW and in under a mile, park at the coordinates provided on the right in a trailhead parking lot with a small corral. The Uncompahgre NF map indicates that this is the beginning for trail #418.1B. There is some private property across from the trailhead parking.
As with all peaks in the Telluride area, camp sites are at a premium. Because of the private property close by, trying to car camp at the trailhead is not advisable and not allowed anyhow. The closest designated campgrounds are the "Town Park" on the east end of Telluride and the "Sunshine" CG south of Society Junction on SH145. (Good luck trying to find an open site.) For anything else, your best bets will be back west on SH145 near the Silver Pick Road turnoff (CR60M); and south on CR63L/J several miles past Illium.