Secured by Deed of Trust.The property is a manufactured home attached to land in Southern Colorado.

Not willing to do owner financing.You can use any title co you'd like, my title company will represent my side- so dont bother with funny business.

Who here is finding deals in Denver CO and what else are you doing to find deals?

I co-own a lending firm/brokerage and a wholesale company, so I know both arenas well.

Or do they charge massive fees that private equity sponsors charge for their LP investors for buying businesses (2% management / 20% profit)Typically they look for preferred investors vs. co-go.

In the middle of trying to make the same decision (only from CO), and have learned that keeping the property is not financially wise since the ROI is low (<6%). 

It was the 'water master's house'--the person responsible for diverting the Colorado River water to the different properties/farms. 

I live in Denver, CO but I have found a great group in Kansas City that provides great single-family home properties that are newly renovated and turn-key for long-term rentals (I'd be happy to connect you).

Everything else the same, You need to hire a PM Co, until you learn more.

I have purchased a lot once before, but this was under the expert tutelage of a builder friend of mine in a different market (Colorado).