Quote from @Frank Borzen: Quote from @Jules Aton: Wow“Improved compliance capabilities to help local governments enforce their short-term rental laws.

Over a $360,000 dollar increase from what I had underwritten.Seeing this as an industry-wide issue, I reached out to an attorney who focuses his practice on representing landlords in restaurant lease negotiations.

Unfortunately with the wacky laws and regulations the city makes it very tough for success long term.

The practical reality is that while a 50-year mortgage may offer temporary cash-flow advantages, it sacrifices long-term wealth building.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

However, from what it seems from your and Greg's replies, I am understanding that regardless of how we structure it and whether or not we ask the other members/partners to pay us anything for managing the business, we will still violate securities law by using our personal time and resources to invest a pool of money that includes other people's capital.

If you are legally obligated by your state law which it sound like you are I would hire someone to clear sidewalks only. the gravel isn't in your lease and a tough shovel anyway.

So, follow their lead.Thank the tenant for communicating with you, but gently warn them you will have to send whatever eviction notice Colorado law allows.

I use a PM as I don’t have time to keep up on ever changing laws.

More for practice and opinions. 850 W Forest Dr, Mustang, OK 73064 Duplex behind good Elementary School.