And while it has it's challenges, I love this area for long term rentals.

Currently, I own Luxury Autowerks, an auto shop in Denver, and I personally self-manage the ski-in/ski-out short-term rental in Keystone, CO while also helping to diversify and expand my families real estate portfolio.My long-term goal is to own apartment buildings (100+ Doors), and I’m taking my first steps into acquiring our first small multifamily property.

While I unfortunately do not have much helpful information to pass along to you at the moment, I am interested in following along with this thread and learning something. 

You don't want to overstretch on the first one.In terms of evaluating quality deals, you won't know what those are for a while so you want to get as many reps looking at properties as possible.

I did attend a local BP meet up for a while.

Best,Sebastian While i typically say when lending ROI should not be used and IRR is, ROI if its 12 month loans can work as well since most people do not reinvest immediately the monthly interest payments and IRR is based on the reinvestment rate.

Don't pay ANYONE or any company a dime outside of an appraisal until the deal funds.

If you find a property where the seller doesn't carry a mortgage, it is a great way for the seller to continue to settle the closing costs with a (sizable down payment) while still obtain income for 6 months to a year by holding the note for the borrow. 

That complicates enough I'd consult with an entity/asset protection pro.I don't hold residential assets in LLCs unless partners got involved. 

It’s been a while, but I finally managed to get back into the BP forum—great to be here again!