When the first spouse dies, the surviving spouse enjoys a step up in basis to both ownership portions of the property.

Many times the tenant would not pay their portion of the rent on time if at all.  

Saw this from a Realtor in the area:Understand a large portion of this market is STR's.

., currency, continues to make up a smaller and smaller portion of the total money supply (M1, M2, M3).  

Accelerated Wealth Building: Room by RoomHouse hacking allows you to tap into a unique source of income by renting out portions of your home.

Diversify Your Investments: Allocate a portion of your equity to different types of investments.

I would just factor what you feel their portion of the water bill or whatever utility should be based on the monthly average and charge it as additional rent.

Hey Travis, I close a number of these for clients, usually more common on properties that were wrecked by previous tenants and they want to use existing equity to help repair the damages.We would classify it as a 'Refi-rehab' that would include a direct 'cash out' portion as well as a rehab escrow to reimburse you after you finish the repairs.

. -- If you're house-hacking by Airbnb-ing or short-term renting a portion, the city laws in Denver and surrounding suburbs all vary on how you can do that.

Thanks to plenty of smart people here on BiggerPockets, I have learned that it may be possible to offset a portion of this unexpected higher W-2 income with the purchase and "active management" of a STR.