You didn't mention each of those markets, but there are cities in those areas that are worth researching or learning a bit about.Best of luck as you get started and again, feel free to ask more questions or reach out personally if I can help you navigate and learn BP and get started investing.Best -  Thanks for the mention Chris,It's a pleasure getting words of praise from an OG like yourself.Hope to catch up with you again one day soon 🙏

Just starting my journey into real estate investing and looking forward to meeting and catching up with like minded people.

Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

@Jacob Beg Some pitfalls are the amount of work it took to be thorough (it was like having another full-time job at points), and potentially missing things that a public adjuster would catch.

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.

And the pace of homes being built is too far below what we need to keep pace let alone catch up to where its only going to get worse.And that is going to drive up inflation big time.

So I was going to start title search first, then if it comes back clear I'll give them about $10k cash for them to move out and catch up on bills, then fix the place up really quick and turn around and sell it on the MLS.

The catch is the self-sufficiency test. 

.- You may be charged back for something that was done months ago (that will catch you completely by surprise when you have no money left at the end of the month and may even owe them);- They also advertise vacant units on rental platforms with weird fees (which you'll find out later when looking for your unit's ad online).

A good GC should catch that in the planning stages or at least right at the beginning of the build if you didn't bring them early enough.