So your saying select No Damage Protection and just submit an extra charge when it's warranted? 

Mistake #3 was not having knowledgeable people around to be able to ask questions.

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

They are 100% correct.The downside sometimes to forums is people have a superman complex and get the impression real estate is easy as they think everyone is doing it and just jump in without the knowledge or expertise.

Lemos: Quote from @Cristina Millan: Hi Travis, I am looking at investing with Aloha as well.

I would suggest looking into syndications as well.

I have a large network plus in depth knowledge of the process to get a project like this off the ground. 

I would be happy to share my experience in knowledge in this area (MA and RI) as I continue to look to build my portfolio. 

Well I am a limited partner and retired on caah flow.

Dave NA ,Non LLC and non corporation husband-wife holders of rental properties do not have to file a partnership return; They can file Schedule E.The problems comes if it is held by an LLC(Two-member) in a non-community property state.For the management activities I would still recommend using an S-election or C-corp if applicable.