I've also seen the extra space used to make a toy train set up for HO gage trains.  

I recommend you go to the source and educate yourself on all the landlord-tenant laws, particularly in an increasingly regulated state like Colorado.Here's a good starting point: https://doh.colorado.gov/landlord-rights-and-responsibilitie...

I'd be happy to visit about the market.  

Finally, the insurance provider repeated their answer, and this hurdle too was crossed.Very early in the process, we sent over leases for our rental properties.

@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues. 

You should come to one of the Lynchburg meet ups, the next one we are touring a flip.

My wife and I have built up a portfolio of 14 strs over the past few years.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Didn't really put much into it besides painting the units and replacing things as they broke over the years.

Are you focusing on adding them in the general PHX area?