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.

@Corazon B. when we initially purchased the home it was under our name, but we have now gone through the process of changing it to be under the LLC.

I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow. 

We then use this to compare actuals to throughout the year and normally do a reforecast at the end of Q1 as thing evolve and change. 

Started this investment mainly as a weather change from Iowa in the winter. 

Also note if the listed rent changes.

I would definitely ask your accountant before making any changes or opening an LLC.

If you're pulling a permit already for plumbing changes, just get the permit for the room conversions at the same time.

It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.I have changed my rental strategy to Co-Living (rent by the room).

These are big money plays life changing profits but RISK you bet..