If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

If you actually want to be a decent person, as well as, a good landlord, stay away from property management companies!

@Lien Vuong Quincy is my personal favorite due to asian food and community but as you mention slightly far from the city for STR but if I get a walking distance from the T, that would be doable. 

From my research so far and conversations with a couple property managers it sounds like there is more upside on the STR/MTR side of things however it doesn't seem like Denver's government is very friendly to the STR/MTR option. 

For example, I know many people who have bought a house in Ewing for $200k and it's renting for $4000+ a month and this person has put maybe $50k into it over a couple years including a new roof, updated cosmetics, and was able to BRRR out all the money.

Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.

FHA and VA are government agencies and will have access to all of the applicants personal and financial information.

And when you add in the appreciation, it makes the end result look a lot prettier....20 years from now, you will not be having this conversation.

Personally, I'd pick a tenant friendly state and choose states that don't have barriers to entry (insurance, financing, weather, etc).

Thanks Hey Patrick, Having a business bank account allows for clear separation of business and personal expenses.