Just know that if you plan on getting a good property, that's supposedly rent & performing and in solid condition, that you're going to be paying a premium for it. 

If you optimize it by overfunding it to the maximum allowed, you will probably the first few years have a cash value that will be around 70 to 80% of the premium that you paid.

Currently with Don Bullard but they have now decided to in crease my my premium by x2.

I think I'd take the 100% leveraged route, but do either rent by room or put a lease option on it (get a 10k option fee, then get a little premium on the rent) that way you can protect yourself further and get a little more cash. 

When a lender sells your mortgage to Fannie or Freddie (GSE) the hard costs and service release premiums are paid to the lender/bank.

If you just want to let them redeem it it is your option to just sign and return, it usually takes a quarter for you to receive your money back from Jefferson County. but please be mindful that are are also entitled to recoup all insurance premiums you MAY have paid according to  40-10-122 (b)(2). 

Mt response- sell option premiums. 

For insurance in this area, STRs are usually an additional $50 to a premium.

But from what I understand the Denver market has been especially hot so you could probably sell it for a premium.

There are massive fines there for buying something and using as a vacation rental without the proper permitting and those can be really tough to get unless you buy specifically in a resort zoned area which tend to have a price premium associated with the location.