However, I'd recommend discussing this with a knowledgeable mortgage broker to confirm the specfic terms based on your lender's guidelines.I once worked with a client who had a similar idea in San Diego.

I find that market similar to the one we invest in, which is Northern Ontario.

A  visit to the area, boots on the ground of a similar mindset, , property manager, realtor, contractors.

The other 4 similar units that have been renovated fair market rent is $950.

@Ryan Miller we're in a similar area (odenton MD).  

I'm in a similar boat now.

You could post photos of a similar asethetic, but be very careful and make it very clear these are placeholder photos. 

@Andrew Watson I have a similar setup - One series LLC to One bank account.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Just make sure you account for Denver’s higher property taxes, insurance costs, and the ever changing landlord regulations when running your numbers.Feel free to ask more questions about the area or strategies—I’ve helped clients with similar goals and have personally done house hacks and short-term rentals around Boulder and Denver.