Advertise rental through several streams (craigslist, sign, word of mouth, Zillow, potentially an agent depending on response rate)2. sign up for a background check service to check on prospective tenants3. cursory review of applicants4. submit a scaled-down list to background service and follow up on any referrals for potentials5.

You will start to get inquiries from  prospective renters via the contact data listed on the webflyer. 

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

I agree with @Dan Mackin that COS is a good prospect for long term buy and hold, given the diversity and growth estimates, but I'd suggest Fountain / Security as a starting place for you, not knowing anything beyond the fact that you are serving this great nation (and THANK YOU, sir, for that!). 

I've come to appreciate some aspects of the current Reg D 506[c/b] structures because they drive the right qualifying conversations with prospective investors. 

The prospects in Denver are very good long-term, so you aren't necessarily are going to find great cash flowing deals, this one is a better one considering the price point and current condition of the property, and it is in an upcoming area that could be a solid place to buy and hold long-term property once East Colfax neighborhood gets redeveloped.    

And you might get a little bit of education on how to fill out a representation agreement and how the licensing laws effect you.But you won't learn anything about how to market or prospect for leads, negotiation, sales, or how to run a business.

It also depends on what you are going to do with the proceeds should you sell it and the prospects for appreciation/rent growth for the property in the short and medium term.  

I explain to the prospective tenants that in exchange for lower rents I expect tenants to adhere to maintenance rules such as yearly carpet cleaning, monthly house cleaning, AC filter changes etc.

But the prospective tenant is having trouble getting it to work.