In addition to that the price was amazing, so I couldn't pass it by.

What would you do if their special needs child ceases to live at home or passes away?

And Douglas County recently pass an ordinance allowing STRs, so you're actually good there.

I'm interested in talking to someone about getting our nonconforming basement up to code to either duplex down or make it a legal unit if ADU ordinance passes city-wide.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

(You must complete the sale before 3 years passes from your move out date, so it can’t be a rental for 3 years.)So…If you have a large capital gain that will become taxable when their lease expires (both federal and state income tax) you pretty much have to sell before that date or not for at least 10 years just to break even with selling now. 

Buy a rental, find a S8 tenant, sign a lease, submit paper work to the housing authority, wait for inspection, fail inspection, fix issues and schedule next inspection, pass inspection, move tenant in, done.There, I just taught you how to do it :-) 

There really is no "approval" for the property other than passing semi-annual inspections.  

I believe your cost basis will increase to the day you take ownership vs. waiting until he passes.  

I also want to be able to spend more time with my daughter and be able to pass something onto her and future generations, something I'm sure many can relate to.