There's 325 new units coming live in Maple Valley right now, plus an additional 5,000 SFH being built in Black Diamond and that's just within a 5 mile radius.

I’ve discussed with my lender the option of a 203k loan but my question for you is does this loan only cover renovations to update an property to FHA guidelines or can it be used for any renovation to the property such as additions?

In addition to the loss of $300 per month, there are risks to being a landlord.

The owners have evidence that they bought the land from the municipality of Carolina PR but they never add it to the hard copy of the property.Any advise on how to modify the hard copy or how to deal with this to be able to get the loan?

If possible add to security deposit for this 2) they pay water bill over X or they take over water bill split % of SF Ie 55% A 45% B. 3) they maintain liability insurance if anyone hurt/drowns in pool and you are named additional insured.Remember you will be sued too if anyone drowns in the pool.

I realize that there would be additional transport costs to Colorado.

If you are self-employed with no full time employees your business can sponsor a Solo 401(k), which has higher contributions tools and a few other 401(k) associated plan level advantages in addition to being a very flexible investing tool. 

Shutters and some simple, low maintenance landscaping would certainly create some depth....just be mindful of any additional trimming/weeding when developing the landscape plan.Best of luck!

My question is, can we sell it now or do we need to hold it for an additional 5 months so that we have lived in it for 2 consecutive years, in order to be able to avoid being taxed on its equity?

The DP3 provides all the coverage of the DP1 and additional perils.