@Sean OsborneRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I figure for the first year, this property would gross at least $50k-60k annually.

But I'm in the position that I'm in because I wanted to take a leap and figure it out as I go.

Just trying to figure out how to best protect my assets as I've gotten conflicting information from reading only about the exposure.  

Once you figure that number out you can determined how much net rental income you will need.

Hi LoriAs a fellow realtor I would suggest keeping this website in your back pocket for your future clients. https://www.areavibes.com/This website is a great reference point for figuring out what each area is like.It gives you a total LIVABILITY score for each street and zip code.

If you figure out how much you would need to have passively to just get by bare minimum, and still get the occasional coffee or take out then you can figure out what you would need to buy for property to achieve this.

First thing I'd recommend is figuring out your target market.

Instead of figuring out the technology requirements, how about flying to Denver for a nice interview and vacation that's also a tax write-off?  

But if its got at least a half bath (i.e. no tub or shower) which is what I'm guessing you mean, then adding a shower isn't too bad since it either has an ejection pit or something that toilet and sink are draining to.But once you figure those two things out.