I did read about the license requirement for working in Denver; appears quite strict.

This gets stated a lot but as an investor I would always try for this, especially an owner occupant loan where you can get more covered but this was strictly an investment property.

Colton,When you use credit unions or small local banks they have strict guide lines and "overlays". 

To refinance a property with a low conventional rate you basically need: good credit, stable income on IRS taxes in past two years, equity in property that meets health and safety codes. 

Is it strictly based on the first one's close of escrow?

1) That price is reasonable2) You will have to demo the garage anyway if you want to convert to living space, the slab/foundation and existing structural framing will not be up to today's code and engineering requirements.3) No, after/if you convert this to a rentable unit the income you are looking at is not something to throw away for parking.

You need to have strict guidelines and stick to them no matter what.

they determined that a lot of the theft was from the workers that worked for the contractors and new the lock box codes coming back and stealing stuff or telling their cousins etc. 3. pull into gas station and have to lock your car when you leave and head on a swivel  or simply do not buy gas there at all to dangerous. its these type of things the locals are raised with and us OUT of state folks have no clue about especially if we were not raised around that environment we simply dont know what we dont know.. 

Might even be able to get the city to stop by and talk to him as he is interfering with health and safety codes that the city has in place. 

I don't write the revised code in any of the 50 states so I don't know why we'd be wondering what I am ok with.In addition, what you are referring to is called a NET Listing.