Airbnb Denver/ Aurora Colorado Newbie Question

[Taylor Burns]

Good morning BP! 

So I just closed on my first house! I have started fixing up minor things and painting interior to make everything look more modern. This is a 5 bed 3 bath ranch with finished basement. I have the master upstairs with it's own bathroom. Then I have 2 other rooms with a shared bathroom. This house is located about 15-20 minutes from DIA and 5-10 minutes from the UCHealth Anschutz medical campus.  

I have been kicking around different ways to rent this place out with me still living there. I am now looking to Airbnb my 3 upstairs bedrooms and then have the whole basement to live in. Before furnishing all of the upstairs rooms, I am looking for some help on this. 

Does anyone have advice on Airbnbing 3 bedrooms out of one home? Is this practicle or will it lower the value of the rooms dramatically? Also, looking for some advice on how in demand this area is for Airbnb, the zip code would be 80012. Any advice helps. I got into this home with an FHA loan so my PITI is $2380/month. Just looking to maximize my returns here so I can save up for down payment on property number 2. Any insight is much appreciated!

Thank you!! 

[Taylor Burns]

@Matthew Carroll,

I believe there is still a lot of opportunity in Aurora right now. That Anschutz Medical Campus is continuing to grow and will bring in a lot more people. The area is still turning over though. So there are pockets and areas that are still not too desirable. Try to stay further away from Colfax as it gets a bit rougher the closer you get to that street. 

I have one house about 10 minutes south of the hospital and finding tenants has not been a problem at all. I would continue to research and reach out to find the best neighborhoods though. I have shifted my focus towards multi-family so my attention has not been too focused on this area anymore as it was a year ago. I hope that helps a bit!