Increasing the rent that much will trigger vacancies. 

Price range, what you intend to achieve in the future, or the preference of managing the two rental units are some considerations for choosing between an apartment complex versus a single house to live in for life.

I've been tuning into the BiggerPockets podcast for a while, and I've finally decided to metaphorically pull the trigger on starting my journey in real estate.

Hey Tanner,Welcome in, its a good idea to build your team as you get started and then being ready to pull the trigger when the right deal comes along.Our firm helps to track down unconventional financing for clients through various hard money/DSCR lenders.

While it’s possible engaging in one of these programs can shorten the time required to become a “power” agent considerably, it also may be a gigantic waste of money if marketing efforts are engaged without waiting for the all important test results.One popular career tract being offered in collegiate business programs across the world right now is marketing data analytics - analyzing the results of test marketing campaigns and applying/interpreting these results to form an effective and profitable marketing program.The other choice is to engage one of the many companies that will set up a generic real estate agency website for you, with the usual stock photos as well as MLS feed, create a blog and tie it to the new website, and start posting information and answering questions are various social media sites.After getting your feet wet, you can purchase services such as SEO, or a PPC campaign, on a a la charge basis, and track the results using one of many analytical programs available online.

I plan to rent out the basement but have a couple of questions as this is my first house/house hack:-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)-Thoughts on best lease strategy for that area (STR/MTR/LTR)?

We are calculating the rebrand will be complete in 8-10 months and expect it to be the new standard in that area triggering more behind it, and go a long way to improving another sector in the community.

I'm also open to moving out of California when I retire from my W2 job - Nevada is a consideration but the median home prices across the country have gone way up in the past 4 years so I don't want a huge mortgage on a primary home when I'm retiring. 

We did our due diligence on this property and decided for the price point and the quality and all the other considerations we felt that we would get a nice return on this investment.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.