I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience. I've primarily worked with single-family residential properties in Albuquerque. I’m newer to Santa Fe thoug...

These are things at the high level I want to be looking at for all my real estate purchases. 

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

Quote from @Clint McMillian: I know for a fact that a good number of my tenants have been faking/cancelling renter's insurance soon after getting approved for the lease.

@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

It's awesome that you're leaping into real estate investing after all the knowledge you've gained from Rich Dad and Bigger Pockets.

Can you give us the details, What was list priceWhat did you offerWhat was their minimum to hud counterWhat did they accept, I assume this is same as second answerHow long after the "countered" did they come back and accept your offer?

Especially if the manager will manage the property and lease it up after completion.  

You then find a cash buyer/real estate investor to buy it from you for $120,000.

I'm a first-time homebuyer looking to start my real estate investing journey and would appreciate some advice.