For us, we only buy a certain type of single-family home rental in DFW, so a very specific gut renovation package, and only in certain areas that have been heavily researched and we also bring a renovation/prop mgmt competitive advantage.

Jefferson County is the only Colorado municipality I know that has some requirements but also gives discretion to approve a short-term rental permit over to a county board.To your specific question, yes, the 1-acre requirement is likely a barrier for you and your neighbors.The frustrating thing for a lot of Airbnb owners in JeffCo is that if you try to play by the rules, you could get shut down.

The only reasoning behind thinking turnkey as a strategy because I thought I would get this readymade package where I get to do minimal work being an out of state investor.

As a mortgage broker I can tell you this is underwriter discretion.

The business and real estate value are packaged in the deal, and the crux is that the current owner is the operator who has mismanaged, and is looking to retire.

Here it's less about the class of the property, and more about where you can add and capture value.These things exist on continuum and not discretely, but it's important to not think you are a two when you are really a one.  

Forget the HUD when it comes to ownership, when you signed your documents there is a mortgage and note in that package.

Thanks Hey Troy, I would say the best bet is for you to try to sell it as a package deal and get a seasoned investor-agent to try to get you some action on it.

Gold package offered one on one mentorship and guidance and provided assistance and mentoring on the first few properties.

On the gutter question, some vendors will include service annually or biannually with certain install packages, so that could be something to consider.