The deal was legit, the sponsor was honest, all laws were complied with, the deal didn’t work as planned.  2.

Anyone familiar with this new law in Mt Healthy?

There are a lot of quirks and oddities in Louisiana law where the current tenant can assert that they have an implied agreement that they can pay late, stay X months without a lease, do whatever action, etc, based on what the current landlord/owner has allowed and told them in the past.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

Only text if they’ve opted in.Don’t Overdo It: Keep it respectful don’t flood them with texts.Follow the Law: Make sure you're following the TCPA and any local rules to avoid fines.Basically, get their okay first and always make it easy for them to stop hearing from you!

You need to really learn these laws if you want to start a partnership where you make the decisions.

Quote from @Mikal Toliver: It’s an exciting time go learn, understand, and practice real estate estate investing.

I know that by law you can only do 3 STR (less than 30 days) per year.  

The law allows you to charge for ALL cleaning, including trash removal.

I am unaware of any law in any state that requires you to have a CPA.