Almost everything in this home is brand new but this home will still give you a cute Charleston charm.

Almost everything in this home is brand new but this home will still give you a cute Charleston charm.

That and the main charm of this place is the magnificent old casings, which would be hard to salvage in a gut.I've been trying for months to connect with a "drywall only" contractor, I've heard that those guys can really do it well, fast and cheap, as opposed to every contractor who kinda gets it done eventually.

If you've done your due diligence and the potential rewards outweigh the risks, it might be worth taking the leap.

They say it's a situation where the high reward outweighs the risk involved in illegally operating an AirBnB.That being said, what would be the ramifications for being caught operating an illegal AirBnB?

Even with a turnkey provider, a vigilant eye is essential.Risk Management: While potential rewards are enticing, manage risks carefully.

I think the charm of an historic home out weights these issues...

low risk high reward fix and flip How did you find this deal and how did you negotiate it?

If you're in Olde Town Arvada -- the charming downtown with shops, bars/breweries and restaurants -- you can be in downtown Denver in 15 minutes. 

But with your high income and not a lot of savings I would try to save as much as possible for the next few years and then reap the rewards.