Hi - just getting up to speed on STR in Boulder in relation to a property I'm considering with great potential for converting an inaccessible former garage to an ADU.I'm confused because the currently posted rules for Boulder seem to disallow use of an ADU for STR? 

Converted from 3/2 SFR to 4-units STR-MTR 6/4.

I would get rid of the rest and convert them into a steady income streams.

you may want to explore 721-dst, it's dst that at the end the ownership would be converted into REIT shares where you can time when to sell.btw dst is becoming more interesting now because their interest rate is lower than the typical residential rate as of today.

Convert them to actual dollars, and make your decisions from that. 

Purchase price: $290,000 Cash invested: $20,000 We purchased a single-family home with the VA loan then converted the garage to a studio apartment.

Even though the transactions all seemed legit with underwriting - they ended up getting sued and paid huge fines and in some states had to convert the loans because they were believed to have been taking advantage of buyers, especially minority buyers.So even though something seems legal, would you want the story on the front page of the newspaper is the question we ask.

I am not sure if I want to buy them and end up paying more compared to me buying a regular property and converting to Padsplit myself. 

It needs a lot of work, and I plan to convert it back from the single-family home it is now to the two family home that it is still listed as on the title.

A deal like that can be converted into cash quite quickly.