Yeah, speculating on only the current cash flow vs the bigger pockets future picture is pretty typical BP TK model perhaps. 

Stepping way outside of your expertise is how many investors got their heads taken clean off during the last recession.

Would love to hear recommendations for and against specific models of digital locks.

Indy has become a model for other cities redevelopment. 

Thanks, Bryan Clement  FYI the mortgage industry is still using the decade old FICO models, not the most current ones (queue 50 borrowers a month: "But my Discover Card says it's 30 points higher than what you just said!"

I have few properties in Denver Metro so not new to this ....but any good advice and recommendations on how to approach the out of state model greatly appreciated. 

Check out past/current deals, business model/strategy, any investor testimonials, etc.2.

Never try to reinvent the wheel, there's always good models and people who are willing to help. 

If so, what have been the benefits to having this type of business model as an investor?

Hey Brandon - There are several ways, all with varying degrees of success (and some based on yours or others expertise in the market). - For quick and dirty, I just reference the tax assessment.