You may also want to bring a flashlight to better assess darker areas, especially if utilities are off.

I find that most of the investors I work with always utilize hard money.

Good Morning All,I’ve been brainstorming and utilizing some of the resources you provided, and I’ve developed my real estate goals.

Is it 10  or 15 % downpayment, that is what I wanted to know Is the house in another state that you and your family are planning on utilizing for vacations? 

This helps break down the purchase price between the land, the trailers (which may qualify as personal property), and any improvements like utility hookups.

Weekly rent averages about $ 175 per week and I provide internet, utilities and a coin-op laundry. 

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

I've had many clients utilize the rent by room strategy to great success. 

Hi Rafael,You can start with a SFR or duplex if you'd like to avoid using a property manager, but if you really want to scale up you should be utilizing a property manager.

I also utilize subordination of the mortgage and substitution of collateral where appropriate to create the “enhanced” returns that I seek.