🎉 Congrats to you and your husband on taking the leap into real estate investing!

A real rough back-of-the-napkin metric I use is if a Colorado property's gross annual STR revenues can equal 10% of the purchase price.

I have a property in Memphis...and frankly no matter how much I've spent on property management (have had three, all promise the sky and deliver next to nothing), I have gotten the run around by the property management team in all three cases, which has deterred me from investing further in Memphis real estate.

I am new to BP and real estate.

Welcome to the world of real estate investing!

Real estate is a business and bad things are going to happen when you are going big.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

-Legal Protection: A real estate attorney should draft the seller financing agreement to make sure your interests are protected.Final ThoughtsThis might be a pretty awesome first project if you can work out some sort of low-down, seller-financed deal with sweet terms.

If you come to the conclusion that you need to focus on your primary earning job but want to start investing in real estate then maybe a turnkey option would be best.

@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance.