Generally the way to Net the most from a property is list it for with a local agent, so you get exposure to the whole market of buyers.....instead of placing ads here and there yourself.

What would be your risk exposure if your purchased the most recent certificate from the county?

Consider partnering with those people by providing the capital for lease/furniture, and have them take care of the property (owner) search + tenant search, then come to an agreement on cash split and responsibilities, go from there..Long answer short, I don't feel that local economics should slow the implementation and growth of this/your model, but doing it with the right properties locally and also diversifying with operations in different markets will help cover your exposure if things start slowing in a specific industry within a specific market.

@Kiran Alisam  you must have the named insured on the umbrella policy be the same as your LLC or it can't cover your liability exposure.  

The key is to understand the potential exposure for risk areas and mitigate in a manner suitable to you.  

Chris Mason I'd never use my SS for that kind of exposure.

For a few percentage points, you'll get all this taken care of, and exposure through MLS, Zillow, Trulia, etc. to buyers/agents in Boulder and elsewhere.  

The one real exception being exposure to UDFI taxation on leveraged investments that a Solo 401(k) is exempted from.  

The problem is in a multifamily unit the other renters can neither truly consent to second hand smoke exposure or avoid it entirely -- they're sort of captive in the situation.

Suggestions on how a new investor can start marketing for exposure to deals and contacts?