This was a labor of love and there were so many unique and challenging aspects to the flip.

We use these factors in this order of importance (feel free to create your own):1) Tenant pool credit score2) Location => Neighborhood3) Property condition & amenitiesClasses are not defined for the SFR industry and are relative to the area.

Sadly, you ran into the situation right away where you need to play hardball.The property owner has defined rights of entry.

**Exit Strategy**: Make sure you have a solid plan to refinance or sell the property before the loan term ends or in case the lender enforces the due-on-sale clause.Being diligent with these aspects will help avoid potential pitfalls in your first Subject To deal.

My dad told me that after the house had been sold that he realized that together with him doing and handling the business and bookkeeping aspects of the business and me learning the trades that we could become a lethal combination.

@David S RobertsI'd venture to say those nearby properties are just ignoring the law.Most cities and counties in Colorado have well-defined STR requirements, and if you meet those, then you can operate a vacation rental. 

I'm not advocating he establish a new LLC without using an attorney or registered agent to define the bylaws of the agreement.

Having money made thus paying for remodeling aspects is much better if I'm going to Hack this home for a labor deal with by master carpenter with 5 years left in his work career, and I can't get full market rent.  

No sense trying to delve deeply into technical aspects of the law over small amounts of money.

Additionally, the property has a pre-existing designation as an Artist Dwelling.I’m looking for insights on the following:What defines an Artist Dwelling?