I just started reading “Every Airbnb Host’s Tax Guide by Nolo. 4th edition.

The premium and deductible are so high it doesn't make sense.

Typically just refinance into Conventional after that time frame...Pro's: Lower credit scores welcome down to 620 (some lenders go lower but rate will be high);More wiggle room with DTI back ends over 50% DU Approved (Conventional tough over 48%)Less money down 3.5% versus 5% conventional - most 3% Fannie/Freddie loans on hold due to COVIDFHA Guide lines are more relaxed as far as reserve requirements and Employment seasoningCons: FHA has UFMIP - Up Front Mortgage Insurance Premium financed into the loan 1.75% of loan amountFHA has MIP-Mortgage insurance Premium (Monthly) (.85% x loan amount Div/by 12 months) where conventional with higher FICO's have around .25-35% x loan amount Div/12 months for monthly mortgage insurance PMI.In most cases even though FHA has lower rates the UFMIP & MIP cancel out that differenceFHA MIP is for the life of the loan where conventional PMI cancels at 78%.FHA less money down on a MF conventional more money down. depending on property type and number of units.These are just a few Pro's & Cons.

You will pay a very high premium even for a small rental grade property.

You must have done a great remodel, because that's a premium rent here in San Antonio.

There are still ways to make it work in the Denver market without paying a huge premium, have you thought about a townhouse or condo? 

Hall bathroom features a new vanity, new fixtures, and a premium shower with frameless glass enclosure.

Edit the lease to say the tenant can only use concrete-safe ice melt.

@Douglas Brian Clark, you have to have either a Plus, Pro, or Premium membership to create an event.

I would fill the unit for a small premium over market rents with a tenant that would purchase it.