This information is strictly sourced from investor conversations, appraisal feedback, closed loans, and inbound leads from investors previously working on deals with other lenders***I welcome all criticism and feedback as this is meant to start a dialogue that will help us all better evaluate deals:1.

Denvers seems to have the most strict STR laws out of all the Denver Metro Cities- almost as if they have one person dedicated to making sure all Denver STR's are following code and have licenses.

In analyzing a potential STR investment in the Denver area, include these estimates as upfront costs (these are strictly furnishing expenses, not including any rehab work):- Living Room: $2k⠀⠀- Dining Room: $700⠀- Kitchen: $750⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bedroom: $1.5k⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bathroom: $300⠀⠀⠀⠀⠀⠀⠀⠀⠀You can certainly furnish a STR for more or less, but these are numbers I try to stick to in putting together a nicely furnished rental that includes personal touches and local flair.

Seems like this makes the BRRRR method or "recycling" your initial investment in several properties pretty difficult.So is the key to have strict criteria for buying the property at below market value, and doing high-impact, low-cost renovations to raise the rent?

We solve that by either forming partnerships or equity investments via syndication (there are strict rules about what constitutes what).You need to find a way to add value to the properties and increase cash flow, 5-6% isn't going to cut it if you're paying off an investor.

How strict are the rental options? 

Heard AirBnb is getting more strict with their regulations - larger companies/hotels are now listing their properties there. 3.

In your case, LLC doesn't save you any taxes so the needs are strictly for legal reasons. 

Are they too strict?

Good afternoon BiggerPockets,
I just had an offer accepted on a home in Rhode Island. In the past I haven't done much in the way of negotiations after the inspection. I feel as though the more the market is changing ...