I’m committed to making this deal work with this specific loan product.

Just because the $2k threshold from #3 exists in the law doesn't mean that county has to use that.

Do you first need the county STR license/permit, an EIN, website claiming you exist? 

And it exists in the KHCA lawsuit.

And the plan is to convert an existing Airbnb I own (and have run as an Airbnb since 2019) to PadSplit.

Hey All,Arvada is proposing updates to its short-term rental rules, and the biggest change is Only ONE STR license per person would be allowed (down from up to three today).This would apply regardless of whether the property is owner-occupied or not, with a phase-down period for existing owners.This could significantly impact small investors who own multiple STRs in Arvada or were planning to scale.For operators with multiple STRs today in Arvada or other states, what’s the cleanest way you’d unwind or reposition properties under a one-license cap??

@Shalom Yusufov is one of them.Lenders will still require the deal to be in contract before underwriting and issuing a funding commitment.

The hero comp trap is real and it kills deals when the market softens even 5-10%.What I've started doing is running three scenarios before I commit to any deal.

Now, normally, I would emphasize the importance of touring a property before making any commitments, but this particular situation seemed promising ... at first.You see, we had the vacant units and the down units all ready for our visit.

If the broker tells you they "wont ask about who's renting" and you sign a statement to the effect above, youre committing mortgage fraud.