I believe there are license allotments in many towns near and around Denver so you want to make sure there is a license available for the basement unit before you factor this into your cashflow plan.

I’ve been reading extensively on strategies to minimize tenant vacancies through smart investments, and I’ve come to realize that many other factors play a crucial role when managing rental properties.

Landlord laws was the main factor why I chose to invest out of state and have been happy with my decision to do so. 

With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.

The lock off doors at Banyan probably play a big factor in the pricing of those units as they offer the ability to rent the units separately. 

There are some other dynamics that also will likely play a factor in making the situation great for investors...such as runup in home prices and interest rates probably created a permanent renter class of society. 

When it comes to choosing between a turnkey property and a fixer-upper using the BRRRR strategy, it really depends on various factors, including your market conditions and where you are in your investing journey.

However, if one property is overseas, there might be additional considerations to factor in.

Alternatively have parent LLC that is registered in CA, but now you expose each LLC to the other.

The city has good macro economic factors and a strong economy - I looked for cities that were at least better than the national average when it came to population growth, wage growth, median sales price growth, etc 2.