Try and create a kinda protected, intimate setting for possible family or close friend or really studious students or hospital interns.

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road

Now that source of income is a protected status in CO, landlords can't deny a tenant based on the applicant using a voucher so govt. subsidized renters can rent anywhere that they can find something they can afford.

I would pay them again in a heartbeat because of the added value of weather protection on the home.I would look into a couple more quotes to give you a broad range, which might make you feel more comfortable in whatever direction you go.  

There are a lot of good companies out there that will be able to protect your hard earned money, so if you put in the work and have the conversations, you will be able to find them. 

The LLC is there for some liability protection.

Most of them are for renter protection (and not landlords, but definitely useful). 

I want to explore Section 8 as a RE strategyKeep in mind that subsidized tenants can use their voucher in any neighborhood (especially in states like MD where "source of income" is a protected class).

I feel the main reason the bank pays back taxes is to protect themselves of a tax foreclosure happening and they loose their security for the loan. 

Will an LLC or Trust help with legal protection?