Definitely still looking to continue investing in the area. 

That being said, term leases automatically become month to month leases when the tenant continues to pay rent, and there is no renewal clause.

You can certainly find towns with cheaper homes, but Colorado Springs is a desirable town that is growing quickly, and will continue to grow for years to come. 

I want to dive a little deeper and I think I will continue working on acquiring an investment property while, as you mentioned, networking to assist others in buying and selling. 

Time sure flies during holiday seasons and everything slows down, except holding costs continue as usual.

You want to inflict a level of pain for them to continue to occupy *your* house once you've sold it that will encourage them to go - unless, of course, the objective is to maintain them as a long-term tenant.

The property cash flows very well right out of the gate and we will update kitchens as well as perform some value-add features as the money allows.

@Anand S. everything that was already said PLUS (something to keep in mind AND continue to watch as government policy changes) is the unskilled / semi-skilled labor supply.

I did not sit for my CPA but I have the degree and the classes and the continuing education that they do. 

I have been looking for a program to keep track of financials for each property, individual unit, but not having much luck outside of full blown PM software which I wouldn't be utilizing most of the features.