The other thing I often see is that over time, different homeowners/contractors have decided to DYI adjustments to their home aka took out walls, didn't shore things up properly, put in new doors, etc.My point is that what you are seeing is not abnormal for older homes. 

., smoke detectors, proper handrails).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Some groups seemed to be focused on using you as their cash cow to fund the organizers lifestyle. 

As long as its renovated PROPERLY and tenants are screened all should be good. 

The choice depends on personal goals and lifestyle preferences.Good luck!

Colorado does allow super liens, but typically, for them to remain enforceable after foreclosure, they would need to be properly filed before the foreclosure process begins.

If they are legal to live and/or work in the US they will have the proper paperwork and be issued the proper numbers to track them and run checks.

You need your project to be ready to rent by mid to late Summer; otherwise, you can cost yourself by either a bad renter pool or several months of vacancy.The Twin Cities are too big to properly answer your question.

There are some towns in the area that could pencil, but Whitefish proper just doesn't math.There is just too much demand from rich people looking for a 2nd home to see any cash flow at all.