It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

., unfortunately, to add to the frustration, Buildium's journal entries do not allow you to enter a vendor for the expense, you can only select which GL Account to debit and which payable to credit, so I'd still be stuck not able to track vendors for 1099's, see below.  

I’d love to hear from experienced investors: do you think it’s possible to do BRRRR in a high-cost area, or would you recommend looking out of state?

Although I'm confident I can fix and flip it, my plan is to keep it as a rental.My dilemma is... where do I get the rehab funds? 

Although your looking at the same scenario in Canton already.

"Separation" may not be possible, but I'd like to think of an LLC as an "extra layer" of protection, although you're not completely isolated from risk... just makes it harder for others.

Putting it all together: If I were starting over and looking for a house-hack in Denver, CO today, I'd be looking for a 4 bed / 3 bath property in the $500K - $600K range in an up and coming area (like Aurora near the medical campus).

📞Although they didn’t find anything they liked, after we discussed the state of the market, they realized they don’t have to rush into anything.

@Nichole Kinard there really aren't any mandatory requirements for campsites, although it seems like having some basics helps to drive traffic.  

I hadn't thought about the tax disadvantage I'd be in while lending!