What I hear from various people involved in the STR world in Denver and Colorado Springs is that this bill is likely to pass, but that it's also likely to be amended from its current language.There are two potential areas of change I hear about:-- The number of nights rented as a short-term rental that trigger this reclassification.

In those instances, the title doesn't change hands, thus, the Due on Sale isn't triggered.

I am at a crossroads on what to do about this one, but hopefully the market saturation from competitor assets in Katy, TX dries up.

Found my deal on Zillow, ran the numbers, pulled the trigger and flew into town to do some of the work myself with the help of some family with experience fixing houses.

Your best bet is to get on the phone, get multiple opinions, multiple quotes, and make decisions on the type of build before pulling the trigger.

After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out.

If I have to use every dollar I have access to and drain my life savings dry, so be it.

We have winter dry out with fans.. the guy who owns that has thousands of fans going in the northwest..

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

I'm not understanding the purpose of wanting to refi.As for the phone calls, look up trigger leads and how to opt out.