(Eviction, maybe) I have it very explicitly written out that the home is for residential purposes and operating in-home businesses including daycares, hair salon, etc are in directly violation of the terms of their lease. 

great points.. and its what really makes working all over the country interesting.. especially when it comes to title work as you described.. not sure how you folks close in CO  Attorney or Title company.. but in Attorney states your not getting title pulled and committed to in any short period of time. you would think though that if the OP has a pipeline to a great wholesaler in your area that wholesaler takes on the duty of checking title. when I was doing foreclosure rescue in ORegon and Washington ( before it became illegal) we closed many a deal within 24 hours. and or same day.. but of course we took them with whatever hair we had on them and took the risk.. got burnt a few times. but our title plants and our customer service here in our area is over the top good..

Is it worth it to split hairs?

If you have a used bathroom, which from your description, you do, then you need a vanity with a decent sized countertop (for hair and makeup tools) and storage below.Tile over kit. 

That same $50k property, assuming 850/month rent and typical expenses would return roughly $5,100/year in net operating income, or a hair over 10% ROI.Keep in mind those ROIs are basically the same thing as a cap rate and assumes an all cash purchase.

My 3 year old, who had long "princess" hair, did snow angels on my first rental's freshly painted walls. 

Her hair, on any given day, has the color and texture of a superfund cleanup site, and can only be described as "colors that do not occur in nature". 

It is guaranteed to give you sleepless nights and grey hair from time to time 6) Peer Pressure - or lack therof.

A really hair-raising and fascinating thread about getting rid of a vacation rental guest who decided to stay and not pay.There is much focus in this thread about the difference between evicting someone who has stayed more or less than the 30 days.

I do need to think about "aren't sure if you're looking for investment or primary".I am at a cross-hair because I really want to start investing.