This is why both presidential candidates are talking about the need to reform housing regulations on the campaign trail.Construction Innovation: A Call to ActionIt seems that innovation in the construction technology space, and thus labor productivity, is an area for significant improvement.

It includes paperwork, scheduling third-party inspections, and meeting critical dates for due diligence and closing.By leveraging technology, we use platforms like Asana to assign and track tasks.

The quality of modern lumber is simply far inferior to the quality of lumber they were using to build homes in the early and mid-20th century.

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

I like the lower management fees and the idea of using technology to try to automate business processes.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

Complicated rooflines, modern details that require a bunch of steel framing, excessively large great rooms, spa-like bathrooms, etc would push you into the $1,000-2,000 range.  

Hi,I've recently been learning about real estate investing, and as I'm going through this I'm realizing how fragmented the technology and data is, and how manual the opportunity identification is.

If you can get a property with a more modern floorplan at a similar price I would go for that.

However, both mobility and technology and the ability of more people to work where they do not live, has grown this niche, as @Dennis Smith has argued.