I lined some prospective new tenants kind of took my time, was picky, didn't find the right tenant yet, plus I had to get in there and paint/repair etc  but towards the end of the 60 days I was showing the place to some i thought was gonna fit and lo and behold the tenant calls me the day he suppose to be moved out and told me he changed his mind, going thru personal stuff and wanted to stay.

Seeing that I currently own one 5 unit mixed use property.That is an excellent goal.

Some key pointers so that your operations go smoothly:Underwriting: Don’t shy away from the process of analyzing hundreds of deals before finding one that fits your criteria.

This is a great place to learn.Is there a reason that you are trying to make something that doesn't fit to a bad market.  

If you're considering buying a foreclosure, it can be an excellent way to get a deal, but be aware of the risks like property condition and the competitive market.

Hey @Tanya Maslach - Based on my experience, the winter months in Colorado present an excellent opportunity for investors.

Sounds like the place is no longer fitting your needs if $500 per year is causing consternation.

Several emerging neighborhoods present excellent opportunities, with 32204 and 32068 currently being standout, high-demand areas.Best of luck with your search!

@Gregory Schwartz That's an excellent point and one of the downfalls of over complicating your entities.

You've received some excellent answers from everyone.