@Tyler Frederick Weese, thanks for highlighting one of the great benefits of multifamily over single family.

Another highlight is that you are able to keep the properties under an LLC so you can protect your assets by not having your properties in your personal name.

We’ll start with the highlights: we bailed him out of jail in Marfa on the way to our job site, his father “ foreman” passed out drunk in the driveway of our Airbnb at our home, his AC guy got arrested at the checkpoint, he shorted us on materials, work was subpar, he notarized his own subcontractors’ lien releases, which were forged, and diverted the money for the subs instead of paying them, resulting in us having to pay for sub work twice to get the liens released.

You may also want to connect with a local Realtor who can highlight some lower-priced options in nearby markets.Out of state investing could be another option if you move there or use a 20%+ down payment.Best of luck to you moving forward!

I agree with what some have already mentioned which is: make sure your photos are looking great to attract attention BUT also make sure your photos show 'quirks' about your rental and the description reflects those as well... now I'm not talking about highlighting your rental in a negative way...

Here are some ways that you might want to think about that risk1) What does supply/demand look like in your area and how long do you think it would take to get a market rate tenant2) Set expectations with the existing tenants that you would prefer them to stay and therefore you will be implementing a small increase but that they will still be below market and will therefore save $x per year over a comparable rental3) highlight any additional value that you will bring in return for the higher rent e.g. more responsive management, rehabs, additional amenities etc.4) Assess whether the tenant is one that you are interested in keeping e.g. do they pay their rent on time and do they look after the unitGood luck!

@Charles Phanumphai - This could be a novel about why Colorado Springs is a great place to be investing (in my opinion) but here are the highlights. - Some of our largest job markets are military service members (5 military installations on all sides of the cities) and healthcare.

Some of the highlights for this property.

This also adds a sense of seriousness Go through ahead of time and highlight where they need to sign, as well as sticky notes here and there Walk them through the provisions of the lease and have them initial important notesAccepting the Rent Prorate the second month to match the first (full month at signing, a fraction at 1st of the month) Only accept payment in certified funds like a money order or cashiers check, no personal checks or cash For payments in the future, use intuit payment or check bigger pockets forums for more waysThe Move-In Condition Report The last thing you need to do is for the tenant to sign the condition report where he walks through the property and check damages.

To do that you click on someone's name (Highlighted in Blue) and it will take you to their profile where in the upper right hand corner it says "message".