My question for all of you is three fold.1.

Investing in today’s market likely looks much different for many of us than it did probably even three years ago.

Get three quotes if possible from three reputable contractors. 

Imagine coming out of the backcountry to find out that your water heater broke three days ago and two sets of guests did not only not have water, they had radio silence from their host who they've been trying to get a hold of? 

The upside of retail/commercial spaces is that you may be able to lock them into three to five year leases to start out and more if they are successful.

Can someone please tell me what loopholes are being used because between three different lenders I've talked to here in Denver, it doesn't seem possible... 

I'm also not able to qualify for FHA because properties in my market do not meet the self-sufficiency rules. 

If it takes three months, they're liable for three months of charges.

Another point you need to be aware of is the FHA self sufficiency rule that applies to any 3-4 unit building (but not to duplexes).

(This is about taxes)You need a Zoning Permit for Visitor Accommodation:To rent your home for stays of 30 days or fewer.If the property is not your primary residence.Housing requirementsSmoke alarms must be installed:In each bedroom.In the hallway in the immediate vicinity of the bedrooms.On each floor of the home, including basements.Carbon monoxide alarms must be installed:Within 15 ft. of the entrance to every bedroom or within 15 ft. of a bed in sleeping areas if there isn’t an enclosed bedroom.Centrally on a wall or the ceiling, but not directly in front of a door to a bathroom or within 5 ft. of a cooking appliance.Under the installation requirements for smoke alarms if they are combination smoke and carbon monoxide alarms.You can’t post signs for lodging on your home.The home can’t be occupied by more than three people (including the owner and renters) who aren’t related by blood, marriage, life partnership, adoption, or foster-child status.You cannot change your house so that it no longer resembles a private residence.Information you must provide your rentersRenters are only allowed to have guests between the hours of 8 a.m. and midnight.You must tell renters the trash and recycling collection days and any trash disposal rules and regulations.