I doubt it will be 'business as usual'...but I also don't think we'll see a lot of sellers wanting to go FSBO, it's just a little too intimidating for most people.It will be interesting to see what happens because of this new ruling.

Personally I have my applicants fill out an application and pre-screen them before narrowing down to a short list before only running an actual background check on the first and possibly the second runner up in line for the unit.

@Dan BeckerIt sounds as though you are not the child of the seller? 

Do a few wholesale deals or find a deal that is seller financed or a subto. 

(One of the nice things about Westminster is that they're one of the few Denver-area cities to allow non-owner occupied short-terms, so you could give that a try to boost your revenues.Also, my standard advice for first time investors is to not overthink it.

Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition from seller financing to traditional financing because I found a 5% IR, I am essentially refinancing and putting the loan on the books.

In short, thank you so much for taking the time to respond.

Other fee's look padded and transfer taxes can sometimes be split or paid by seller.

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $393,000

Cash invested: $50,000

https://www.airbnb.com/rooms/971636909544066864?guests=1&adults=1&s=67&am...

Part of the survey was asking locals if they should be allowed to be rented short term.