IMO, until I had that in hand I would proceed cautiously with tenant.

@Wes Mccullar I would really be cautious about hiring a coach.

Otherwise, just be very cautious of the numbers up there!

Doesn't sound right to me so am I being overly cautious or is he stepping over legal or ethical boundaries?

Friends of mine with SFHs were quickly underwater whereas I was not.I am cautious about condos because so many experienced investors on the podcasts do not speak favorably about condos or anything that is governed by a board or HOA.

If the intention is to buy and hold as a rental, be cautious with your screening, and don't over-improve.  

Hi George, I am not an expert on the repairs but I would be cautious about putting in high-end furnishings unless the neighborhood is high end.

Without the I-70 thing being finalized, I'd still be cautious.

I prefer to take a slow cautious approach so im doing a lot of reading and research right now. 

There is reward in place for that strategy, and typically comes in the form of higher monthly income.I don't really want to get into the already heated regulation debate except to say that you should be cautious about it.