Mom and pop selling for a fraction of the property’s real value or 2.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

That is why it is hard to get regular real estate loans on assets valued so low, the cost of the refinance makes it so you are paying higher than they can legally charge you percentage wise.

Learning how to responsibly use debt is one of the best tools any real estate investor has at their disposal.

Concerned, I asked my real estate agent if I should push for a price reduction.

This means growing in population, jobs, and real estate market. 

You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.

I'm working with a real estate attorney to help me with transferring the deed.

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.