Thanks tons and if this question sounds very immature, i'd say 'that's about right' given how new to this game we are.Thanks again!

I'd be happy to share my resources if you're interested.

Otherwise, I'd say watch those areas closer to Micron understanding the barrier to entry will be significantly higher in exchange for the lower risk.

And the plot thickens....I would imagine there is "in the event of default" language in the collateral assignment agreement that states what the lender can do to recoup their funds. 

I'd like to invest more in that area, but it's much more expensive and harder to find deals.  

Putting it all together: If I were starting over and looking for a house-hack in Denver, CO today, I'd be looking for a 4 bed / 3 bath property in the $500K - $600K range in an up and coming area (like Aurora near the medical campus).

If you invest in RE, whether active or passive(management team, syndications, crowdfunding), I'd love the chance to quickly explain the structure and hear your thoughts on what might need to be improved.

I’d look into the cost of a 500 sq. ft. garage and compare it to the potential boost in sale price.

If you had no knowledge and they broke the lease I'd issue a notice of non renewal, but give them the option to remove the cats.

If you need current income, I'd recommend another fix/flip.