My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate.

I know in Washington state, unless your licensed plumber or electrician you can't do the work on your own property and sell with in a year.   

Hello BP Community - Does anyone know if Morrison, CO has any short term rental regulations, or where to find them? 

Any one knows are they going to build single family or apartment?

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

Anyone know where I can find a good template for a real estate opreating agreement? 

I know that OF agreements will be whatever two parties agree on, but I'm hoping to gain a better understanding of what might be possible that I haven't considered. 

However, when dealing with a seller that you know owns the home outright, what is a very simplistic way to explain seller financing, what the process looks like, and the benefit to the seller?

I know it varies between tenants.

If the numbers check out then great, I would keep the deal and proceed with caution knowing you will probably have to kick out the month 2 month tenant