I put $6000 into repairs, mostly paint, new light fixtures, new appliances, painting cabinets and fix a small leak coming from the roof.

FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.

I didn't file with the city so when I updated it on zillow, seems to not make a difference in their estimate.

You bring up some important points.

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...

Also, keeping an eye on zoning changes or upcoming developments can help you get ahead of the curve.Would love to hear more about your experiences too—what areas are you currently focusing on?

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

Is this purchase on the MLS or through a turnkey company? 

In 2023 when the interest rates went up and my minimum payment tripled , I sold the house for a profit.

A simple way to check is using the 70% rule—investors typically want to buy at 70% of the after-repair value (ARV) minus repair costs.