I’m originally from Texas but now call Colorado home.

From there, you can move on to the BRRRR method with single-family homes—buying undervalued properties, rehabbing them, renting them out, and refinancing to pull out your investment for the next deal.

It requires using a home automation platform (I use hubitat), creating an API, and creating some rules within the automation platform. 

How can I strike a deal where they can still receive some income from the property, but I can purchase the home and make my share and eventually (1-2 years away) own the home and eventually get full profit from this 8-unit property.

Even the nicer homes don't rent for over $2,750 a month there.

Typically it’s a secondary use meaning the land must have a primary use (like a home on it).

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

If you add unit to your home, your home likely became rent controlled.