Be fair but firm with your choices.

The R2R team was great with communication, providing guidance and insights, and getting me in touch with the proper resources.

That’s a level I’m fairly comfortable with but your level of comfort may be more or less.

We've used Reg D 506(b) for our syndications and ONLY communicate with investors that have a prior relationship with us.There are two illegal activities that I see all the time. 

I'm 2 miles from 2 hospitals (one is Swedish and I've heard that they get a fair amount of travelers) and within walking distance to Denver University.

Then there’s city regulations—some places heavily restrict short-term rentals, so you’ve got to check the rules.If you find the right spot and automate stuff (guest communication, cleaning, etc.), it can be profitable.

The area is fairly landlord friendly.  

And even if they do, they have to be fairly motivated to be willing to do so (even if you've built rapport and all that good stuff).If they are motivated, usually that means the property needs work and they almost certainly won't lend over and above what you buy the property for.

Make sure the previous property management company did their job and communicated a change in management prior to you taking over--along with your contact information.If they have no done this, they should so the tenant doesn't feel like a scam may be going on.Just make sure they're away of where rent payments need to go and who they can contact in the future. 

Communication is highly important to me as well.