So many variables, gotta have some thick skin for that potential roller coaster ride..

Or you can learn by reading, listening, watching, and still find that you would be 10x farther along if you had just started by  connecting with the right person from the beginning.Find out what kind of area you are interested in investing in, put the funds together and say here's my skin in the game, then connect on Connected Investors, BP, local facebook pages, local reia meetups, and elsewhere.

Yes, and find out what the land-only value is...This is what a lender may only be willing to lend for...And, insurance to rebuild the 8 homes, in case of natural disaster?

For example: if "unit 2" has a kitchen as soon as you walk in, i rearranged the template for unit 2 to start with a kitchen and flow naturally as i walk through the unit. 

So, since it would appear that I am going to have to take a pay cut regardless of what I do, I figured it's time to look into a career change.I want to get into RE as I think it ties well with my analytical nature and I have an interest in building wealth above and beyond stock market returns. 

This needs to be handled carefully and correctly.There is no 90 days in Colorado statutes and I know of no case law of that nature but who knows if the property is in Boulder.

And perhaps the true nature of your question is that you are not sure yourself.With that being said, I also have (had) two condos in Renton (98055) and in a very similar situation as you.

Although I'm not promoting myself as an educator and do not provide any formal curriculum or program, I do foster a "learn by doing" experience from the nature of the JV relationshipI hope this helps to answer your question about the motivation from the experienced investor side.Bob***Moderator note that this reply is to respond to the poster's question and not intended to be a promotion of any of kind***

Fortunately, I have a natural tendency to do the right thing and in a timely manner so his complaints to have "safety" issues addressed are not too much of an inconvenience for me (although the renter himself is an annoyance). 

Bates-Hendricks and Arsenal Heights are real close to FS so it seems a natural bet that one or both areas will change in a similar way--they might-- but my hunch is it will take several years for market appreciation in those areas.