The condo is nearly ready to rent and the house has a some work to do but nothing major, minor cosmetics.

The next major renovation job, you sleep in a trailer in the driveway.

National vacancy rates have remained flat in the first half of 2024, following a 90-basis-point increase last year, with major metro areas showing particular resilience.

With major investors making moves in downtown Dallas and surrounding areas, it raises questions about how these developments will influence the overall market.I'm curious, how do you see the balance between urban and suburban growth playing out in the next few years?

Tools like Cozy or Buildium can streamline processes.Understand Legal Obligations: Stay updated on Colorado landlord-tenant laws to ensure you're compliant with security deposits, lease agreements, and eviction processes.Effective Communication: Set clear expectations with your tenants about communication channels and response times.Regular Inspections: Schedule periodic visits or hire someone to conduct property inspections to catch minor issues before they become major problems.Final ThoughtsWeigh the pros and cons based on your circumstances.

The tenant is paying their portion of the rent (the majority is coming from city) but the tenant has been difficult to deal with and I'd like to find an new tenant once their lease is up.

It will take time to scale but that will take a majority of your time as you get it off the ground.

That the majority of the owners are paid up.

We continue to see the majority of sellers offering partial or full compensation of buyer agents.

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.