And in the short term I need to find a way to increase my annual income.

I'm currently under short sale contract, but no earnest money has been exchanged.

As a long time lurker, I'm excited to be here.I have been a landlord for 5 years now but fall way short of being an expert in the field.

2 year balloon seems too short to me. 

Money and Time are both in short supply and I'd very much like the freedom to spend mine as I like.

@Raul R.I am not an expert in short-term rental rules in NYC.My understanding is that it can only be deemed legal if the host does it in an apartment that is deemed commercial and below 4 stories.With that - I take it that anyone doing a STR in a building 4 stories or more is illegal.Furthermore - people who are doing a STR in a building 4 stories or less where the building is not deemed commercial - then it is illegal.A lot of people are playing outside those white lines.

In Denver, you can only operate a short-term rental (Airbnb, VRBO, etc.) in your primary residence.

In short, a radon system needed to be installed, electrical work and garage structural work.We asked for receipts on 7/16/2018.

Hit up @Cain McNeil for real estate listings and @Nicole Ludwig for short term management if that is the route you are wanting. 

These properties probably need a large amount of work.Looks like they're buying them from banks too so they could be short sale deals as well.