You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

It seems like there is a trend of Crypto surge in late December and jtcrashes right after the New year.

Really nice backsplash, nice cabinets nice handle bars, but you didn't at least match the dishwasher with the other appliances (black versus stainless steel) and you use granite countertops?

I’ve worked with a number of out-of-state investors and can share insights on the neighborhoods, market trends, and rental demand.Since you’re visiting in October, I'd love to meet up and go over some potential investment opportunities in person.

One of the things I do is use an accountants steel ruler.

I'm not sure how pricing appreciation will go over the summer, but even winter has kept the steady upward trend so it seems likely to stay on the same path.  

On a Full qualifying owner occ purchase 2024 taxes cannot be used, however at least your income is trending up, so that is positive.

Let me break it down for you.Reversion Cap Rate: Ensure the reversion cap rate assumptions are realistic and aligned with current market trends.

Check recent real estate trends in Tampa, including property values, demand, and average time on the market.

You don’t have to research very far to see the widespread housing trends toward more micro-apartments, co-housing situations, and all the other ways people are voting with their rent dollar in wanting a better value proposition at the affordable end of the rental spectrum.Vacancy for an SRO can be kept quite low, and the density results in a very high cashflows compared to the same square footage of a triplex or 6-unit down the street.Utilities bills are marginally higher with the SRO, because there is no incentive for tenants to conserve.