Not a bid proposal)Interest: 5.2%Estimated rent: $1750-$1850 (based on property management company)The renovation will include new A/C, electrical rewiring, upgrade plumbing, flooring, replacing countertops, bathroom renovation, new garage door/opener, recessed lighting, paint, new appliances and a wall tear down to open up kitchen.

We believe the ordinance proposal stemmed from conditions in 2017 through early 2018 when some syndicators/investors bought multi-unit buildings, raised rents and caused displacements.

Per Fannie Mae guidelines you are allowed to use proposed rental income to offset the the PITI payment of the new mortgage. 

If yes, please proposed a time and we can set something up.Best regards,Andrew 

Be aware that the City of Littleton just voted down a proposal that would have severely restricted short-term rentals.

With the time it takes to get through the Denver permitting process requesting a variance is a death blow to a proposed project.

@Josh Kliethermes- thanks - good move  as far as  getting loan pre approval in place as  one of ypur  first steps  ....contact several lenders on the SAME  day  and  ask them any questions you have  and then provide them  with same  criteria / scenario and  ask for some quotes for what you are  considering ....dont allow any  credit reports to be pulled  at this point ....ask them to email/  text  you their  feedback / proposals .....review the  data you recieve and the  quality of conversations you had  and make a  decsion on picking one lender to get the loan pre approval in place with ....keep in mind that you cant  lock into any loan rate/ fee  until you have a  purchase contract   and  also be aware  rates  change  daily - good luck

I formed the LLC, had the operating agreement and letter of intent reviewed by a lawyer, and opened a bank account in the company name.Here’s a few things to consider:Who: speak with people who have an interest in investing and can help the project move forwardWhat: select the type of property you want to considerWhere: for your first project, select a property in the cityHow: select how you will fund it and your exit strategy, whether buy and hold, fix and flip, AirBnB arbitrage, etc.When: build a workable timeline for your teamIf you go to my profile, I have a video that outlines my proposal for the group of investors.

Still thinking of a hybrid proposal like either giving him a 1 month free, or first year at no increase then will increase as scheduled after that, or something else.So far here are the quotes I get:1st quote (local professional pressure wash company, with insurance): $60002nd quote (Vietnamese GC who has insurance): $39003rd quote (multi-service big company, with insurance who is currently doing pest control and landscaping for us): $9000 (this really makes me crack. 

Plans mean that you need to submit an electrical plan (schematic on the floor plan) showing the existing and the proposed.