While navigating these alternatives, you can gain STR market experience, build equity, and potentially generate income to improve your credit score over time.

How will that affect my capital gains taxes with 1) these NEW properties I bought with the CO refinance money and 2) how will it affect the houses I pulled money out of to buy these new ones? 

They will also be able to use minor infractions as a way to suspend short-term rentals, revoke their registration and prevent them from gaining that registration back without enduring a lengthy and costly judicial process.TAKE ACTION TODAY!

If you pulled the money out and invested it wisely, the cash you pulled out might make you $500K in cash flow, tax benefits, appreciation or other benefits.So, do you want to avoid $259K in long-term interest or make $500K in long-term gains?  

Thanks, and I look forward to hopefully getting more involved on here if we're fortunate enough to have things start to snowball over the years into additional properties!

Either way, if you can cancel out your living expenses completely with this house hack while gaining experience managing the STR, I don't think you can beat that.

You should be able to roll in all your closing costs and loan amount so you have no out-of-pocket cost for the refi if you have additional equity you can also take that out up to 75% LTV. good luck! 

The special assessment seems high in general, so which building it is would help provide some insight into why and what you gain from it etc.

Have you done any additional research into the requirements?

These two factors were strong indications that we would gain additional equity, and maybe even increase our net worth.While it might be tempting to think that there is no way a house with an extra mother-in-law suite will be less valuable than a house with parking, it is worth making sure that you will have adequate equity when the project is done, and that you are not overbuilding the house.