Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)

Just realize that it requires many specific conditions to be met, and has much greater risk elements that you need to be prepared to potentially go wrong.

As the consumer, we should be well prepared with your personal info(credit scores, dti, taxes, insurance, etc) to get a baseline estimate.

Understanding this and the mechanics of litigation should help you back into running your business in a way that prepares you for plaintiff's counsel behavior.

For the month to month tenant you can change their lease rate as you see fit… but if you are changing it significantly you should phase it in to help them have time to adjust and prepare for it (in my opinion)… maybe across 2-3 months.It’s likely that your tenants are use to each other having already lived next to each other.  

Get buyers on board (maybe someone who doesn’t yet qualify for a mortgage, but is financially prepared to purchase).

Expand Your Search: Denver is competitive, so looking in areas like The Springs and Fort Collins can give you more options.Stay Flexible: Be prepared to move quickly when you find a property that fits your criteria.

Also, are you prepared to pay for the mortgage without the roommate?

I also found a more experienced investor to partner with on this deal so it was a great way to learn and prepare myself for owning my own property.

Over the years I picked business degrees, real estate license, tax preparation training, loan officer licensing and training, investment / CFP training and it is all tied together in one big connected body of knowledge that emphasizes appreciation, debt pay down, cash flow, and tax write-offs...