So you need to be local to know who is in the area and ensure your street doesn't transition down in quality...it can happen in 12-18 months before you can do anything about it.

lean on these forums whenever you have questions. good luck with your investments.

Have good connections to potential partners helps you close many more deals.

Hello Everyone, Is anyone else having difficulty finding a good deal for a fix and flip in the Denver metropolitan area? 

Tenant can still pay rent, late fees, and other penalties in full and get back into my good graces, but I do not waive any fees, accept payments, etc.

Starting with a turnkey cash flow rental is a good idea.

What are good ways to get a mentor? 

Good luck as you start out, and I'm happy to connect

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Any rent increase will be offset by the damages they cause to the property.Figure out how to end their lease and replace them with a good renter.