As long as its renovated PROPERLY and tenants are screened all should be good. 

It's hard getting to the door knocking while trying to balance my military job, family time, and upkeeping my own house.

Colorado does allow super liens, but typically, for them to remain enforceable after foreclosure, they would need to be properly filed before the foreclosure process begins.

There are some towns in the area that could pencil, but Whitefish proper just doesn't math.There is just too much demand from rich people looking for a 2nd home to see any cash flow at all.

You need your project to be ready to rent by mid to late Summer; otherwise, you can cost yourself by either a bad renter pool or several months of vacancy.The Twin Cities are too big to properly answer your question.

The balance from card 1 is paid but now card 2 has $5k on it.

If they are legal to live and/or work in the US they will have the proper paperwork and be issued the proper numbers to track them and run checks.

My favorite link for the proper order of investments is https://mymoneywizard.com/correct-order-investments/.Jump in.

If you screen your tenants properly, buy the right property and have the right team in place you can be successful.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.