I've had many borrowers transfer with out DOS but its always something I would consider an exit strategy for in the event it was ever exercised.

If you can make the numbers work, and others are cool with you using their showers for years, and your OK with the lifestyle, go for it.Maybe consider an RV with a shower and commode...

Whether it is real estate investing or starting a new job, it is prudent to consider an exit plan from the start.

That doesn't mean I wouldn't consider an investment in Irving, I would just learn the neighborhood where you are considering investing.

If I was doing more business than I have in the past I would still consider an LLC for the protections they provide.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in a an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Also, if you do consider an STR, you need to follow Denver's laws which is owner occupied, and requires a license.  

The main con though is that in some areas (like mine) you can't even buy some properties with financing because sellers will not even consider an offer contingent upon financing.

I feel like there is at least a slight chance that this couple would consider an owner financing deal on all of them together.