Maybe the reality is that Denver will push families out to other communities or maybe it already happened. 

Some specific examples include careless installation of vinyl flooring in our kitchen, resulting in irreparable damage; leaving an exposed nail in remodeled kitchen cabinetry that scratched our new range; installation of bathroom sinks with improper plumbing connections; and multiple instances of failure to remove cigarette butts, food trash, and construction waste from our property.

The reality is a good real estate investor masters a number of strategies and let's the deal dictate the best path forward. 

Artificial limits that aren't based in reality have the negative unintended consequences that end up doing the opposite of what the "advocates" and politicians claim will happen.Third, and this has been the crux of the whole issue for me, let's just look at real examples of what has happened when "rent control" (which can take many forms not just the threat of using tax breaks) measures have been implemented. 

As far as the sink area, if it were mine I Would replace the bar sink with a large white or maybe beige oval China Bowl.

@Jasmine Williams in theory this sounds great but in reality 500k equity after paying closing costs and taxes would be around 250k cash in hand, so the 6% CoC you are getting would translate to 1.25k monthly cash flow.

In reality to be successful in real estate you need knowledge of real estate principles, real estate finance, real estate law, and real estate practices.

But even though we plan to hold the property the reality/risk of not being able to pull equity or sell easily later on without maybe a land contract is kind of concerning?

In Tampa there are so many that are done without permits, and it can mislead a beginner into thinking they are getting a great deal when in reality it can be a big headache and money pit to legalize after the fact. 

We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.We've got some great S8 tenants, but also some not-so-great ones that abuse the program.PM us if you'd like to discuss the reality of using S8 effectively...