Always prioritize protecting your interests—one misstep can lead to significant consequences, especially if someone employs a predatory attorney.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

There has to be more that meets the eye to this deal.

The sidearms are for their own protection - because they are afraid of being in the wilderness or afraid of the local bad guys . 

@Glen Michael you want to protect yourself against portfolio runoff!

It's a simpler entry point and aligns well with serving protected classes like veterans, seniors, and single mothers—key to ensuring stability against HOA or city issues.Begin connecting with non-profits and agencies that help these groups find housing.

Verify these numbers by researching comparable rentals in the area or consulting with a local property management company.Additional considerationsContingency Funds It's wise to have reserves for unexpected expenses during the rehab process or unforseen vacancies.Market Conditions Keep an eye on the Denver market trends.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

My plan was to be a GP on a syndication and that was also one of my biggest concerns, how was I going to play such a big role on so many units while being a lot younger (less trustworthy in some eyes) and no real estate experience?

There are a lot of gimmicks out there, such as eviction protection plans, free maintenance plans, etc. and Nomad is well aware that "guaranteed rent" sounds like a great selling point.