Contact the building department for further clarification on what is or isn't already grandfathered into your building.

Thanks to recent clarifications from the IRS you will also be able to defer not only the capital gain and normal depreciation. 

Thanks for the clarification. 

Also for clarification, I plan on purchasing a Single family home in the next 6 months, live there for at least a year, then move out and turn it into a rental.

Fannie Mae's reduction of the down payment requirement for 2-4 units to just 5% for conventional is a game changer and has allowed house hacking to be more attainable.

Thank you both for your responses and for helping me reset my focus on more attainable properties.

It sounds like you're off to a good start and I think putting together 2-3 rentals in Colorado by 2026 is certainly doable/attainable. 

This initial analysis helps filter out sponsors who do not meet basic qualifications.Initial Contact and Information RequestContact the sponsor for additional information and clarification on their projects, team, and track record.

Of course, as is always the case, a lien will not be divested if the lien holder has not been given proper notice of the sheriff sale - so even a “free and clear” can have an encumbrance when a failure to properly serve notice happens.Hopefully that was sufficiently clear; if not, post more questions and I’ll do my best to offer clarification. 

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.