I assume the laws are fairly similar in this situation from state to state but I would definitely recommend checking with another source in your area.

I plan to rent out the basement but have a couple of questions as this is my first house/house hack:-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)-Thoughts on best lease strategy for that area (STR/MTR/LTR)?

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

It's generally been easy to deal with, but as we all know, New York state is anything but supportive for small landlords.

This would of course be based on the LLC being formed through the state for real estate transactions. 

@Paul Sandhu - impressive@Lucas Carl - TMI@Ethan Cooke - great tip@Sid Payne - You're not the first to state the same, really like it with some learning curve

Depending on state, you may be able to get help from the law....?

If so, which state(s) because I'm sure each differs.

Maybe this state lawsuit will actually get something done (although I kind of doubt it given how previous lawsuits have gone).Also, interesting how while everyone else was getting gouged, County Executive Frank White and County Tax Assessor Gail McCann Beatty saw very modest increases.