We used to hire a company to balance the chemicals and my costs were almost 2K per month.

Luckily I have a local team that is incredible at responding and was able to replace the blower motor at a nominal cost.

Buuuuuut, I'm kinda proving the point in being upfront with my bias aren't I. 

@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

@Lau Cor so for areas with larger populations Pueblo would be lower cost as would Grand Junction then you drop down in population to areas like Alamosa, Lamar, Gunnison, Montrose, Rifle, Meeker and the four corners.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Once you pay realtor fees, closing costs, sellers want 10k for points and concessions.

I don’t have any horror stories but every time I go to run a check the cost has gone up.

Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.