Tools like Cozy or Buildium can streamline processes.Understand Legal Obligations: Stay updated on Colorado landlord-tenant laws to ensure you're compliant with security deposits, lease agreements, and eviction processes.Effective Communication: Set clear expectations with your tenants about communication channels and response times.Regular Inspections: Schedule periodic visits or hire someone to conduct property inspections to catch minor issues before they become major problems.Final ThoughtsWeigh the pros and cons based on your circumstances.

You’ve got to be willing to stay in touch with sellers who aren’t ready today but might be down the road.

Stay active in the community by sharing experiences, asking questions, and learning from others. 

It’s a great reminder that staying firm on your terms can pay off big.

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

I'm currently renting the house month to month to a traveling nurse who's supposed to stay through November.A water mitigation crew came in and tore out some drywall and dried everything out and then a sister company then came out and gave me a quote.

Here is an example of a recent project I was able to fund.Purchase Price- $35,000Rehab- $30,000Arv $100,000We funded $25,000 @ purchase and $30,000 for repairs for a total loan size of $55,000.If you're living in the midwest I think that there are great opportunities to purchase 2 to 4 unit properties and rent them out I would stay out of Illinois the tenant laws are not favorable to you as a landlord.

May was $4200 because we had one 7 night and a 15 night stay!!  

At the same time, I fear that a new tenant might stay there for ever and interfere with the sale at a future date.

As a note, I am active duty military, scheduled to deploy sometime next year, and I have plans to rent out the unit I am staying in once that time comes around.