DSCR lenders do require that the asset have less than $2k differed maintenance, and be able to pass a 4pt Ins.

And here's more info on Wheat Ridge's STR law.But there are two other Denver-area municipalities that either just passed or are about to pass a law to allow short-term rentals in investment properties: Adams County and Centennial.

That's what I meant about them not being run well.Another place that allowed STRs had their HOA meeting minutes online, and I saw that they were trying to pass a rule to cap the number of STRs in their community. 

If the rehab is proper and can pass a section 8 inspection then there may not be any catch.  

Seeking feedback on requiring prospective tenants to pass a home fire safety test to reduce risks to them and other people.

I did however, hear they're trying to pass a bill to allow them in the future.

Any property older than 1950 (and 1978 effective Jan 2015) must register with MDE and test for lead paint at each occupancy, or make property pass as lead free.  

(I don't think the landlord requires either of these if using a Property Management company.)The AZ state legislature is attempting to pass a bill to do away with the rent tax state wide. 

Also, your property will need to pass a health and safety inspection by the PHA to ensure it meets the U.S.

Hi Derek,I don't think that will be sustainable once you get to pass a certain number.