It is legal non-conforming. 

Quote from @Greg Gallucci: For the most part I suggest not buying new builds to rent for a number of reasons.#1.

Here's the red flags that we had missed when we were still fairly green: 1) Credit card declined so they gave us a different card from their "sister"2) Booked last minute3) Locals4) We had even asked for an ID so they sent a fake passport but the name was spelled slightly offThey had parties at the property and destroyed some things.

Check his legal history.

Hi Krista, Yes you need a broker's license to legally manage property that you do not own in CO.

Not ready to pull this trigger, but are we legally obligated to find a tenant or can we just tell them the offer has expired and that we are no longer seaking a tenant. 

Quote from @Collin Hays: Yeah, the old Lorrie Morgan song.Several years ago, we had a party renting a very large cabin that wanted to cancel 5 days prior to arrival and get a refund. 

Quote from @Robert B Azimi: A restaurant that’s doing great business feels he shouldn’t pay the rent on time for the last 4 months every month we had to post 3 day notice to pay  rent or quit on his front door for him to deign to pay his rent What legal action we could take to make him understand he is not the landlord we are he must pay his rent on time?

second was Hard money it was legal then. 

When pulling the credit report one of the individuals has a high debt to equity ratio (50 %) My fear is what if this High DTI and credit usuage could result in one of the parties defaulting on future rent.