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Updated almost 7 years ago,
New Investor Looking to move to Colorado
My fiance and I are moving out to Colorado in the summer and instead of renting, I'd like to try and buy a multi-family unit and rent out the other units. Is this kind of strategy ill-advised and/or difficult to pull off? Would it be crazy to try and buy a house from half a country away, or is this completely do-able? I'm a little concerned about the timing of moving out of my current renting situation and buying a new place, fixing it up, and renting it out. I'd be able to fly out and look at properties, but not all that often. If this is indeed possible, then are there any pieces of advice anyone can give me to make this process a little smoother? Also, does anybody have any advice specific to looking for multi-family properties in Denver specifically? Thanks for any advice!