Many of us have watched home and investment property values sharply increase over the last decade (double bonus if you acquired one 5+ years ago) but, the current CO State Senate and House aim to close the gap between what many tenants view as an imbalance of power.

conversations end with "sorry but neither you NOR any potential buyer can get a normal 30yf mortgage on it.... that's WHY you got a slamming deal."

So I do know the banker and based on our extended phone conversation:- they lump mortgage and rehab cost up to 80% of the ARV- they portfolio lender is maxed at 8 millions, not 6 loans like my current bank- they dont do appraisal- I close in 3 weeks and I’m switching next week and she said its plenty of time- she only wants 3 year tax return and the rental agreements for my other properties.

The goal with a business is to make it simple,powerful, and easy to be drawn to by consumers and have all the complex stuff in the background where it works but people do not need to see it. 

I found my first buyer in a fb group, but I believe because there were active contributors to conversations I vetted him as "real deal".

Absolutely agree that you or your SO needs to have Durable Power of Attorney to do all of this - mostly b/c it makes it so much easier for you. 

One plus for the 3 to 2 conversion is a I might get easier/cleaner tenants like a professional couple or retirees rather than a family with kids squeezed into small bedrooms.Thoughts?

Hello @Sheila Gonzalez,I agree with @Larry T. on this...I have a mortgage broker that you can call for a candid conversation and run this question by him for a second opinion.

He also knew jack squat about the Roth Conversion Ladder, a powerful tool for those seeking financial independence with both W2 income and rental income.

If the market cap rate is still 5% after 30 years that property will be worth 2.43 times more in inflated dollars.Of course the purchase power of these dollars will be 2.43 times less, thus making a real gain on this property to be nothing. (3% inflation means that $1 today has the same purchase power as $2.43 will have 30 years from now)If you want to have a real capital gain, your NOI has to outpace inflation while market cap rate has to stay the same as at the purchase time.For all practical purpose, very few people hold apartments for 30 years and NOI grows faster than inflation because of the value-add.