As the old saying goes don't wait to buy real estate, buy real estate and wait.I would suggest aim at least for $3M (or 5?)

Can't wait to continue to help more investors, invest more myself, and everything in between!

As for waiting on prices to drop, I wouldn’t hold off—if the numbers work, jump in.

They are paying rent, so just wait out the 4 months.

The warranties always take a lot of time, and you will either end up filing a warranty to find that it is going to take too long and then purchasing something else the same day, or you will end up giving refunds back to guests while you wait on the warranty to be handled.I learned this the hard way when I first got in to rentals.

I have ask my mortgage bank to provide a routing number (waiting to see what they say).

I eagerly wait for your feedback.

Do one of us have to wait 3 years to owner occupy both units?

That lays out the current status of the relationship between the seller and tenant including who owns appliances, etc etc etc.

Maybe never in CO but other areas have seen it happen.Personally I am always trying to tell others that they need to look carefully in any area no matter how attractive the deals are.I agree that you need to work with an agent who knows the lay of the land.