Let’s describe real life Operations.  

Nice name :) Mine is short for Allison with 2 L's but close enough.I started because of Rich Dad Poor Dad too.

With switching to an entirely different field, it would probably be a good idea to get a little bit of experience in the day to day operations of property management, as well as familiarizing yourself with some of the Colorado fair housing laws, minimum property requirements, etc. 

So if I am reading this properly, you are operating a property without a proper permit and have an illegal basement rental as well and basically got busted?

Solid operation also have a partner law firm which helps on more sticky deals.

The seller is a client of mine that was looking to sell it.

Noise and smells, hours of operation, and access issues are very common, and many commercial tenants have conflicting needs with residential.

Be sure you contact the county first to verify if you are allowed to operate as a STR in the area you own.

No regrets...owning and operating STRs is like managing a sports team.

I favor metro areas having to have at least some sort of permit to operate.