Hi Lamar,  Acquiring rental properties can be a rewarding venture, but it's important to approach it with careful planning and consideration.

Your residence in a liability, because it's costing you money and not making you any money?

My local lender I use in Memphis is very familiar with lending to foreigners with hard money!

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)?

Then MAYBE you'll make some money, but probably not until year two, at least.

If they give you approval that interest must be returned to the tenant as you are just holding "their" money.

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And then she had money to send. 

I am eager to provide you with a comprehensive overview of the process involved in obtaining a Hard Money Loan (HML).

@Eric Kahn Gale if the pipes aren't having pressure issues I would not spend any of your money replacing them!