I think it's a great plan, but I agree with what others have said: it's a bit premature to start looking at properties.

I also have started sending my tenants furnace filters every month, so they replace them, since these can cause premature wear on units, this alone is about $10/dr/mo, since I use amazon subscribe and save.  

I think you are probably right, it may be a little premature to take that to the agent.

But as a new member, it feels a little premature to reach out the big dogs. 

They are old enough to move if necessary, but I would prefer to avoid forcing them to do so prematurely. 

I don't want to dismiss the idea prematurely, since the benefit of being able to buy one investment property each year with only 5% down is enticing.

I know folks who have bought brand new houses, and in the first year they've dealt with serious issues like significant foundation settling and cracking, significant flooding (basement was built too close to the water table), and premature wood frame rot due to poor design/construction.... 

A premature welcome to Denver.

Thank you,Assuming the % rent increase is legal in the area you are investing in, raising the rent 500 to 900 dollars will make any tenant run and 100% will piss them off.Not having the ability to take a hit makes me think you might be buying prematurely, rents aside, you must have something reserved in the event something goes wrong i.e pipe bursts, furnace stops working, leaking toilets, etc. 

Not saying it can’t get expensive but to give up on a deal over it before you even know seems premature.