Asking in the correct forum will get a better response.Read the RULES!

Quote from @Cody Caswell: Quote from @Bruce Woodruff: You're correct that getting every detail involved right from the start is critical!

There are some strategies to make the numbers work in Denver, but in general, you are correct that prices make it challenging, if not impossible to make the numbers work.

Most are being encouraged to buy Class B-minus rentals and below, but no one corrects them about their mistake of using Class A assumptions on these rentals:When a newbie gets smacked with reality via their losses, they then can only suck it up until time improves their mistake or dump at a loss.So, my question is, why can't we all do better and grow our industry with integrity?

I think you see on BP the biggest heartache investors have with their GP is lack of communications.

So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?

Simple answer - yes you can alter your funding source after putting it under agreement if you chose to use a hard money lender instead - i would just communicate with seller that hey I was going to use cash (assuming you have it from your heloc) and instead will finance some of it but let them know its not contingent on financing.

A good manager will handle tenant communication, security deposit transfers, and ensure a smooth transition for you.Changing managers doesn’t have to be difficult—following the agreement and partnering with a competent new PM will help you get things back on track.

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

Clear communication is key here.