Thank you for all of the insights.

I’d appreciate any insights or resources you’re willing to share.

@Drew Sygit brings some good insight into the possible pitfalls.

So in lieu of responding directly to the resident(s), I figured I'd touch base with the BP community to provide some insight.

But be sure to consult with your own experts and accountant.

Hi Samuel,Thanks so much for your insight! 

Connecting with local Denver investors could give you solid insight on neighborhoods and ROI.

@Dennis Bragg, Thank you very much for the insight!

It may be best to partner with someone that has done one before or somehow is a local expert on lot splits.If you can add a bathroom into existing space on high cost property it can add a lot of value.  

Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.