I know the interest rates were a bit higher than a conventional loan, but it allowed them to buy a "fixer upper"....they plan to update the property as soon as possible. 

Brief update: no property damages.

It's time for another Las Vegas update.

I'm relieved I have a lawyer, he suggested the lien in this situation because they were being uncooperative down to providing us with a recent fully executed copy of the lease with updated contact info for the tenant. 

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

Although it depends on your state's and brokerage's specific guidelines on accepting referral fees, there are some exceptions to RESPA's coverage that were updated August 2023. 

@Robin Gravlin do you have an update on this for all of us? 

Tools like Cozy or Buildium can streamline processes.Understand Legal Obligations: Stay updated on Colorado landlord-tenant laws to ensure you're compliant with security deposits, lease agreements, and eviction processes.Effective Communication: Set clear expectations with your tenants about communication channels and response times.Regular Inspections: Schedule periodic visits or hire someone to conduct property inspections to catch minor issues before they become major problems.Final ThoughtsWeigh the pros and cons based on your circumstances.

A good rule - as long as the plumbing and electric has been updated, a well-built home from the mid-20th century is a better investment and will likely outlast a newer build.Credit to the respective author

@Renee Potoczny @Anthony Wick @George Pauley Update:  I requested that she furnish proof from her bank showing that the funds were available and remained sufficient through the processing period.