We've considered offering a discount for doing so but so far we haven't because for the most part everyone pays on time with no issues.

So, they just stayed vacant.Income reliability is another major issue.

The issue is that I see that every other Airbnb in the area has their first photo as their living area. 

@Venecia BaezIf you can invest locally do that if not look elsewhere. 9 times out of 10 when people are stuck and unable to take action I usually see people worrying about things that either won't happen or aren't an issue.

Not exactly sure about the legal details, but initial overview of the system seems to suggest this kills quite a few birds with one stone.  

But they had issued insurance on day I applied.

But if your property is in good shape and you have reserves for unexpected issues it might be fine. 

what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???

No pictures.One property we spot check because we are only an hour away.If we find issues or get cleaning complaints they are going to do better or we get a new cleaner.

There are occasionally opportunities for grandfathering if there is evidence of legally established conversions that were done previously, but no permit records exist to show it was done.