It's great that you want to establish a good relationship with your neighbor!

If you haven’t explored this option yet, it’s time to speak with your advisor about integrating a 1031 exchange into your strategy.

By vetting all adult occupants, you can have a clearer picture of who is living in your property and establish a sense of responsibility.Compliance and Transparency: Having everyone fill out an application ensures compliance with housing regulations and avoids any legal gray areas.

There are seemingly good potential deals all over Denver Metro, but its becoming increasingly risky to try a flip outside of the few established and sought-after neighborhoods in Denver. 

Is property owner the sole decision maker So, as you can see, all real estate advisors recommend getting the most information possible and then trying to structure the transaction in a way that provides for satisfying at least some of the seller’s needs, wants and desires.  

I recommend you to build relationships with electricians, plumbers, gardeners, etc. and establish a system where the tenants report issues and you manage the maintenance required.

I would suggest going independently but partnering with an established company.

A good broker can communicate between multiple lenders and often times has established relationships within the C-suite levels of multiple lenders that they can make calls on your behalf to "shake some trees" and get things processed not just in a timely manner, but in a manner that is on time based on what you are trying to do.Unfortunately it is not uncommon per se, but knowing where these hang-ups tend to happen and how to time everything based on lenders timelines and processes is where it can be helpful to have 'go to' lenders that you are familiar with, and they are familiar with you to help get things done.Good luck though, happy to help where/if I can.

Anderson Business Advisors all the way!

My primary focus is on fix and flip transactions, but I’m also open to buy and hold strategies as an alternative exit plan.From what I understand, an LLC can limit the liability of its shareholder (me) only if it is established in the same country where the property is located.