I plan to rent out the basement but have a couple of questions as this is my first house/house hack:-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)-Thoughts on best lease strategy for that area (STR/MTR/LTR)?

An often overlooked option...call the CC company and ask them for a reduced interest rate payment plan.

I offer a lot of development consulting since I have a background in Civil Engineering and Urban Planning.

We plan to try it as a short term rental after the builder is out. 

My wife's even planning to camp out there for a couple of weeks to make sure things get done right as we are based out of NJ, so time's of the essence.

@Justin Brin Yes but I make it clear they will get deducted from the security deposit if they get drips on the floor or carpet.

Let me show the numbers; please let me know if it makes sense:Property Original Value $10,000,000.00 Initial Finance $7,500,000.00 Investors Money (Downpayment) $2,500,000.00 Ipotetical foced Appretiation New Value $12,500,000.00 New Downpayment/Equity $3,125,000.00 Refinance Principal $9,375,000.00 Cash Out from Original Investment back to investors $1,875,000.00 There are some MF investors that hold the property with no plans to sell and keep doing refinancing, and this seems to be the model applied by Ken McElroy.

Do you plan on rehabbing it?

To find the plan that best suits your financial condition and investing goals, investigate both private money and house flipping choices.

Multiply that times faucets, cabinets, shower fixtures, flooring, etc.