Your advice about understanding the underlying accounting and how the numbers are generated is an excellent point—I can see how that would help me identify any gaps or inaccuracies in the financials.I also really appreciate the insight on how T-12s differ based on the number of units.

some things to things to be aware of;My father and I have found the deal and will be completing 90% of the rehab.The friend has lots of capital and is able to provide large sums of cash if needed.

Tools that I see to analyze deals: Zillow, rent websites, craigslist what other tools do you recommend?  

After a rough first year where I lost money for 8 months followed by another 4 months of learning how to self manage remotely, I had a great 13th-25th months where we have kept the placed booked, kept it profitable, and largely reinvested into the property.Here is the question though-  to buy the first property, my wife and I used a HELOC on our primary and used that for the downpayment on a new property,  for the furniture, appliances, etc, and all of the other little costs that go into getting going.  

But it's right on their website its now voluntary.

If you go to your counties property appraiser website, you can find the process and forms.

But I am wondering if there is any good Keywords for Zillow, or any websites where something like this may stand out more or any tips someone may have for finding these type of properties in CO.Thanks! 

Obviously this is California spec building and not the traditional RE stuff I come to this website to read about :)I should not have said same as main house.

There are so many websites and of course, most cost money to join.

@Paola Astrid Find the local NARPM (national association of residential property managers) chapter's website and you'll find a list of each professional PM.