Newbie from Colorado Springs

[Neil Butterfield]

Hello, My name is Neil and I live in Colorado Springs where I run my own manufacturing business. I own 2x 10K foot buildings that are leased to the company. I have just purchased my wife's grand parents home (now deceased) in Lafayette Louisiana where my wife grew up. All her family still live there and so we make several trips back to Louisiana per year. The housing market is a lot lower than CO right now so I am interested in buying additional properties in Lafayette, LA.

I am not new to business but I am new to real estate investing. Granma's house will be an Airbnb deal so we have access to it when we visit family. 90% of the mortgage is covered by the attached mobile home park of 10 units (land rent only) and a small two bed rental house that is part of the property. I feel good about the purchase, but would like to buy additional properties. House are a lot less expensive there than in Colorado, so my risk/exposure feels a little better. 

I am very interested in the BRRRR Method, although I have a ton to learn I am looking forward to getting into the property world....!