Now we're sitting at 6 properties total that generate a healthy monthly passive cash flow (mail box money as they say!). 

At the same time, with new people moving here and a pretty healthy average sales price, there are probably worse places to be.And to Steve, I do not believe that is the case...that Colorado has reciprocity in all 50 states.    

Our payroll is running around $200K a year for 2 FT + 2 PT.INCOME = $465,720EXPENSE = $213,200NET = $252,520 ($21K profit a month)This leaves us plenty of wiggle room to offer resident retention programs, marketing programs, cover out-of-pocket upfront expenses, and maintain a healthy business operation WITHOUT overcharging our clients.Your assumptions:Renovation - 30-50% markup bet I'm close, hopefully not low by a bunch.

Hi Team, I hope all are healthy both mentally and physically.

Keep safe, be healthy and see you around the site!

I finance these assets all the time, and I always have to explain to my newer (and experienced investors actually) that leverage in the small balance multifamily game is capped at 75% for a vast majority of the players, in a healthy market. 

Keep safe, be healthy and see you around the site!

Stay safe and healthy everyone!

If you feel your family health is compromised move.

Hey everyone, Hope you are all happy and healthy!