In addition, the landlord may not generalize based on stereotypes or assumptions regarding certain types of animals (e.g. pit bulls are aggressive); there must be an individualized assessment of the specific animal in question and this assessment must be based on objective evidence.Lastly, under Colorado state law, when a doctor, nurse, or mental health professional is approached by a patient seeking an assistance animal as a reasonable accommodation in housing, the medical professional is required to make a written finding regarding whether the patient has a disability and, if so, whether there is a disability-related need for an animal.

The cap rate is really centered around your ability to maintain that cash flow in perpetuity, higher rate bakes in the risk premium for the area, lower assumes lower anticipated risk.

The only other suggestion they had was to talk to a real estate attorney, which I know I'll need eventually, but I'm still dubious of the stereotypical lawyers.

Suggest you go to cheaper states mid west. 1% is a theoretical dream like perpetual machine that will run by itself for ever.

Landlords that live off of these tenants are indirectly perpetuating a system that encourages people to be leaches on society.

They looked at their properties like perpetuities refinancing them and pulling out cash every 5-10 years until they had pulled out more than their initial investment and practically speaking had none of their own money invested.

Downpayment covered by partner 80% / 20% payback to partner until downpayment and agreed upon return are met (80% FCFs to partner, 20% to me)50/50 equity and cash flow split after this threshold is met in perpetuity until agreed upon sale.Please let me know if you are interested, know of anyone I should speak with, or have any advice for what I have outlined - Many thanks in advance!

As for which breeds though some breeds have stereotypes of certain behaviors it is ultimately the animals environment and upbringing/training. 

A good PM company can earn hundreds of thousands in pure profit, per year, in perpetuity, without owner involvement.

The last deal I did involving a billboard, the advertising company took some poor old lady to the cleaners 20+ years ago and got her to grant them a perpetual easement for literal pennies.