Hoping to hear from others on a few of my options for the partially updated unit (radiator heat was replaced by ductless AC and new stainless fridge+stove/oven).A few improvement ideas in mind:- Add a dishwasher (requires replacing older, painted cabinets)- Replace existing granite kitchen countertop (cheaply installed w/ misaligned seams and rough cuts, traditional in style clashes with rest of home)- Plumb in-unit laundry hookups (requires sacrificing kitchen pantry closet.

Really just wanted to get a feel for how you guys (the BP CRE Community - most of whom are much smarter than I) see our "traditional" storage investing future being impacted in the next 5 to 10 years by this new business model.  

The City Planning Commission last met March 12, 2019 and voted to limit short-term rentals in residential areas to owner-occupied properties, sending the proposal to the City Council for a final decision.The plan forwarded by the council would also place some additional limits on properties in residential areas that are zoned for mixed-use, multi-family or commercial uses, treating them the same as traditional bed-and-breakfasts and making them subject to a restriction that limits them to one per side of a block.Under the commission's recommendations, large-scale short-term rental operations would be allowed in commercial districts such as the Central Business District, the neighborhood that currently has the highest number of licenses.

-Sometimes The traditional Property management companies charge very unfair fees and this can kill an investment property.

One of the suggestions I've seen is to get a hard money loan because the condition of these houses don't usually qualify for traditional financing at time of purchase. 

Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.

Typically, it gives you the ability to invest in traditional securities (stocks, bonds, CD's, ETF's, etc), within some guidelines - such as restricting you from buying leveraged securities. 

The problem is that because we don't show much profit it limits how much we can put into our traditional IRA accounts.

Funds are used 'same as cash' so it would not only make your offers on the market more competitive but you can close faster than traditional financing also. 

The details:Total of 7 beds, 4 baths divided into 3 units in Steamboat Springs, COPurchased off MLS for $695,000, 25% down.Approximate remodel & Setup Cost: $200,000Total Cost of project upfront: $373,750  Traditional Mortgage acquired.