My due diligence was EXTENSIVE because I was a newbie.

As nice as it can be to have stable tenants, we usually feel like the unit(s) need to be extensively turned over if the residents are there 3 or more years.

While doing it on your own is good, I think you might be missing out on many opportunities to save or restructure your business and how you collect income.

I have extensive experience will NOT touch fire damaged props. the building department will be up your butt.

Hi Jeroh, how extensive are the repairs needed? 

I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a significant impact.I've been in contact with Loan Direct LTD, particularly with James Baldwin, who claims to be a private lender offering various financing options for real estate projects.

@Don KonipolSo we have a short term loan with someone and as part of the loan they paid all the interest upfront (12 month loan), loan is maturing and they have extension options (for a fee) - they asked about the extensions and we said it was X amount for the extension and you would also start paying the monthly interest as well.They flipped out and am like what do you mean I have to pay interest ?

As the trustee, you can now place this money into any investment that follows retirement plan rules (no artwork, collectibles, alcohol, insurance, etc., and no disqualified parties).

Larger homes typically require more extensive and costly updates. 

I know Colorado has been expediting a lot of climate related issues which is impacting home insurance coverage, so maybe just make sure to research that extensively before buying there.