Well, we are getting into the cold months and without going into too much detail, it's become extremely scary to talk with them and try and amicably handle requests.

I'm on a call now and they same decent and honest, but some reviews on here and other sites are a bit concerning.

That is my concern too.

The other thing that concerns me is you mention that you are both high income earners but that you are “trying” to save an emergency fund.

However, and I don't know anything about AirBnB in Denver, but my biggest concern for this project is the ability to consistently rent the basement for $1,800. 

You can learn these things over time.Take note, Due on sale clause isn't even one of the main concerns.

I’m concerned about the economy.  

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

Immediate attention to tenant problems, concerns, and repairs. 5.

I figured this could possibly put me in a good position for a cash-out refinance when I’m ready to move on to a second property.If I stick within my budget, Philadelphia seems to offer the most housing availability, but I’m concerned about most houses available being in rougher neighborhoods.