We'll call it a Closers Cage Match. 

Value being in an area where homes are selling fast, appreciating in value, and the comps in the neighborhood match your "magic number", what youre looking to sell property for one day or rental amount. 

The distinction is that 4 units or less is referred to as residential/small multifamily, and 5+ units is referred to as commercial multifamily.Here are the CO state guidelines for "Motels, Hotels, And Multi-Family Dwellings": https://www.sos.state.co.us/CCR/GenerateRulePdf.do?

@Stuart UdisYour post highlights an important distinction between two different lending experiences.  

Can you match it?

Think of it this way: if we were to screen tenants on criminal background, credit, eviction history, landlord references, and income (3X that of rent and employee verified), even with 25 tenant applications, it's difficult to find a reliable tenant to match all those criteria.

So, sorry we weren’t a match Michael.

So the excitement might not match the ROI.   

If so, review it to ensure it matches the estoppel certificate4.

That search will reveal you are om title and have "Vested" interest in a property that you reside in that matches your Drivers license, income docs, etc.