HOAs and their attorneys had all the power and used that power to bully homeowners into compliance while simultaneously gouging them horribly with exorbitant fines and fees, then foreclosed on the property if the owners refused or weren't able to pay up.

I hear different things when educating online on what is the best method for lead generation and I’m not sure where to pull the trigger.

Send a demand letter for a COI (Certificate of Insurance) proving compliance with the contract.

Changing the insurance is a trigger for calling the loan.

With commercial DSCR loans that have prepayment penalties, (could be similar with other products as well) if you make a principal payment before the pre payment penalty expires, it will trigger the fee.

Compliance is crucial to avoid legal issues and fines.

If you are doing a major remodel or substantial development this will quite often trigger the need for a properly sized system to be installed.

It doesn't clarify whether you have to own two properties in Colorado before triggering commercial taxation of the third short-term rental or whether you can own two in, say California, before an STR in Colorado would fall under this law.

Note: I am not a compliance attorney, and there are more details to this process, but ultimately, you should not be able to invest "tomorrow" with a group you just learned about as a non-accredited investor.

In fact, providing substantial services changes STRs from a rental activity to a business and triggers self-employment taxes on the net profit.