California conforms to this, so you also would be able to exclude the gain from your California income taxes.I don't know your age so this may not apply, but under Prop 60 if you are 55 or older there is a 1-time chance to transfer your property-tax base from your old primary residence to your new one. 

Additionally, the conventional conforming loan limit for Larimer county is $871,450, which is a little higher than the FHA loan limit. 

I only wish I was confident I would be able to refinance since I'm self employed without the W2 income verification conforming banks require.

Below is a chart from a paper we did in 2016 showing the 5-year rental trend for conforming properties (double click the image for full size).Single FamilySelect single family homes in specific locations.

It's listed on the MLS as the property is no longer zoned for mulit family use and it would be illegal non conforming use if multi family is ever allowed.

You can have up to 10 conforming mortgages before you have to go to a portfolio lender.

@Collin Smith In the lending world there are basically 2 types of loans for these properties - "Conforming" loans or "Portfolio" Loans.A "Conforming" loan is a loan governed by Fannie Mae and Freddie Mac (if you recognize those names).

Be prepared for extra expenses on the interior part of the home because of the non conforming shape of the building that creates alot of customization for trim, drywall corners, cabinets, built in's, etc. 

Keep in mind that a "conforming, conventional" loan will lend at 75% of the home's value. 

@Alejandra Perez if you are self-employed you won't be able to get a "conforming, conventional" loan with 1 year of tax returns so we need to look for "portfolio" loans.