The most important thing to do is to find quality operators to partner with. 

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

The goal is to be an investor, not an owner operator.

Call the organizations and explain what you're doing and someone should point you in the right direction.

It feels to me that anything with negative operating leverage is just a non-starter.

I agree with Evan that the other deal terms are fair, but how is the operator going to turn the property from cash flow negative to cash flow positive in order to pay the investors the projected return on their investment. 

This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.  

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

It'll create a safe haven for businesses to operate securely, should provide a good boost in jobs.New York is the prime example of what having a stadium within a city can do for the local economy.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.