When we bought it, we did not think that it would become a rental property; however, we wanted a home with some more space, and after a year, we bought our current home and rented out this one.

When we bought it, we did not think that it would become a rental property; however, we wanted a home with some more space, and after a year, we bought our current home and rented out this one.

@Crystal Townley - The Colorado Springs Real Estate Investor Association meets the first Tuesday of the month at Third Space Coffee at 6:30 PM.

@Jennifer Cogley-a legal bedroom has to be at least 7'x10' of unobstructed space especially for section 8 ect. 

I've seen a lot of rehabbers cut major corners and try to leave unsuspecting buyers holding the bag.Not only that but they rarely pull permits, and if a future buyer ever checks for permit status and finds none, the property value goes down, I've seen sometimes dramatically like 50% per SF for non-permitted living space.....

Vacation destinations do way better in the STR space, and in my opinion are much easier to market.

Airbnb shut down all three of the spaces we have in our home.

Any other tips on this would be greatly appreciated as it is our first endeavor into this space.

I’ve crawled in the nastiest crawl spaces, and inhaled more mold than I want to admit.

We saw an opportunity to get into the rehab space and ultimately an opportunity to learn as much as we could from either our success or failure.