I am seeking advice from experienced investors as to what the best approach would be in this situation.In mid-May, I purchased an investment property in Colorado despite residing in Florida.

It is my approach if you have lower capital to start.

This approach allowed us to maintain full control over the process, from acquisition to resale.

It's a huge advantage to have a father who understands the business be your mentor for sure  I remember many an evenings coming home from RE appointments and going over what they said what I said how should I approach this and that.. ..

You may also want to notify your broker.I've found it's best to approach homeowners in foreclosure when their auction date is 30 days (or less away) because they have limited options at this point.

Jesse Vasquez gets into the topic of his B2B approach and how he talks to hospitals, construction companies, etc. to get contracts. 

We won't make a loan if it does not look like the rehabber can earn a profit of at least 10 to 12% of the ARV, converted to dollars, of course.This approach takes both your profit, in dollars, into account as well as the value of the property.

If this is the first time that you are doing this then why would you have a tiered approach?

This "economies of scale" approach could work for you, too.I would also consider the NW Valley, near where TSMC is building its multi-billion-dollar chip plant.

Even if a property appears chaotic or disorganized, a creative approach can reveal hidden prospects for big returns