My hope is that because with the BRRRR method, getting a conventional loan on a non-owner occupied property just has different criteria, but since this would be for an owner occupied property, I won't need that seasoning period and could refi with a VA loan as soon as the reno is done.

There's definitely still money to be made, but are you considering new build or purchasing an existing facility?

Third, was there any sort of move in checklist that would show what the existing damage/wear was on the unit?

While the Springs is proposing an Airbnb ordinance, it is much more favorable to investors.)Enforcement #s from Jan. 1-July 31, 201853 reports completed by Denver's excise and license division, all related to questions of someone's primary residence status47 provided necessary documents to prove primary residency6 cases referred to City Attorney's office112 complaints of non-primary residency70 open STR investigationsNew requirements for new and renewing licensesUnlike before, you now have to prove your primary residence by providing at least two of the following documents: vehicle registration, driver's license, voter registration, tax documents or utility billFuture options the committee is considering** Note: any changes to the ordinance would have to go through the Denver city council process and therefore is months if not a year off.

As far as rental income, you will either get a copy of the existing lease agreement or if vacant, the appraiser will do a rental comp analysis and determine the likely rental income each unit will provide?

I've never heard of this before, I thought 203k loans were only for renovations of existing homes.

But most non-lawyer people wouldn't be able to find the name of the owner LLC. 

This should be enough for an offer.Make it clear what additional information you'll need during the inspection period before your deposits are non-refundable.

Just remember to keep the two documents (lease and option) separate;  one should not refer to the other.Option fee should be non-refundable, however if you want to credit the option fee towards their down payment WHEN THEY BUY, you could structure it that way.Personally, I would be very careful about how you go about 'crediting' $xx of monthly rent towards their down payment. 

Those that exist are super pricey and the cap rate is super low for even blue collar areas.So right now given the lack of realistic multis to parlay into, I'm considering just eating the tax.