There is a lot of throwing your questions back in your face and what felt like yelling through the keyboard.

If rates do drop, you could face higher property costs, potentially negating the benefit of the lower rate.

Raj,It's indeed concerning to hear about the issues you're facing with tenant verification.

I haven't been able to see the interiors yet but the plan would be to squeeze a second bedroom in both of the 1/1 units making them a 2/1 and eventually give all three a face lift and hold for long term rentals with the end goal being to sell and roll profits into a bigger/ better deal. 

I’m writing this post to learn from the more experienced members here about the issues and challenges you are facing in your day-to-day to ensure that they can be addressed. 

I barely hear from my tenants at all actually (knocks on wood). 4.

With Denver facing an affordable housing crisis, this change falls under the category of "Duh, about time." 

I just simply will not work with a lender that will solicit my client, have no punitive language in regard to if they circumvent our firm or solicit them, and I want nothing to do with the lenders that want to directly face our client throughout the process.

You could do that for 3-5% down.. live in it for a year to meet typical requirements for use… then move into a new house, and ‘voila’ - you bought your second (multi-family) rental for 3-5% down instead of 20-25%.It is entirely possible though that you will face debt to income issues on your first rental if your lender wants to see a year or twos worth of rental history before counting your rental income to offset your debt payments…so beware of that.Otherwise you may have to look at creative financing… maybe bringing in a money person where it was a short term investment for them, like “I’ll give you 8% on your money (versus the 4-5,% you could earn from the bank CD) if you will partner with me on this purchase.”

The city council is faced with a tough decision; make the emergency rent control permanent or not, or implement alternative strategies.