tougher than advertised. there is lots of competition for deals; good contractors are booked up; materials are expensive; and interest rates are high.

You're totally right about Denver's appreciation—it's been impressive, but it's also driven up property values, making it tough to find good rental yields, especially with a $600k budget.

This will usually be an excel sheet, or maybe something fancier, that will outline, item by item, everything that needs to be done, parsing out every item, labor, materials, etc. 

If they want to sell now or in six months, you need to know before giving them an offer so you don't lose leverage by giving them an offer now instead of closer to when they are ready to finalize.Since you are already going to the property, take good pictures and make sure you capture the electrical panel, HVAC labels, and plumbing material.

How do I track my material hours on my investment property in order to take depreciated losses against my W2 income.What is the best way to track my hours to make sure I get to 100 hours and more then anyone other person involved in the STR?

We need to know the details of what they were installing, the location, the cost of materials, etc.

However, Napier used to have other material he sold (workbook and tapes) that contained many of his best techniques and strategies.  

The consider the materials used, etc, but they do use area comps of newly constructed homes as the value.

Consider targeting young professionals and small families who are looking for modern living spaces close to their workplaces and urban amenities.Property Analysis:Exterior and Structure:Materials: The exterior is clad in modern siding, likely a composite material or Hardie board, known for durability and low maintenance.

I got some marketing material from Choice Hotels (Comfort Inn, Quality Inn, Econolodge, etc.) at a franchise event that basically said you could purchase one of their hotels with as little as $250,000 cash and financing could cover the rest.