So in the above example if you can ride out the neg gearing for 2 to 3 years you'll probably sell it for a mil and be back in profit but you have to have the cash to fund it.Bottom line is we have no REO industry, no short sale industry, no note industry, nothing that allows property values to move up and down wildly like the US does.

Foreclosure lists on Listsource are wildly more expensive than an absentee list in my experience.

@Garett Medlin The wonderful world of WAG (wild a** guess). 1200 sf replace floors@ $5 sf= $6000.

They also are wildly optimistic as to how easy it would be to increase net income because rents are below market, or the owner is burnt out, or renovation will bring higher rents.

I know that Colorado is a beautiful place, but I find it amazing that you can grow, sell and use drugs legally that are illegal under federal law, and Denver allows the use of psilocybin mushrooms which can be quite dangerous, yet renting out a house by the day or week is a felony. 

Yes it would certainly be worth wild to consult an attorney to see what your options are. 

It's the modern day equivalent of the wild west. 

I am not sure the specific forums but you can set up keyword alerts and there are in person meetups on the 2nd Monday and 3rd Wednesday of each month at Buffalo Wild Wings at 6.

@Tyler D'AlessandroThe “best deal” is wildly subjective to countless factors, and dependent on your goals (must be more specific than long term cash flow).

When you go the portfolio route, it's like the wild wild west.Stephanie