@Jill Hutsonthree reasons why apartments don't rent: Condition, Price, and Marketing, and a fourth can be the leasing agent, although I would tend to lump that into marketing.If the house is in good shape, and you're on all the platforms marketing it, then it's a function of price.There has been an oversupply of new inventory coming on line in many markets, and that's why rents have dropped in a lot of the metros.Unfortunately, it appears you have a pricing issue and you may have to start reducing the price, or throwing in some type of  concessionGood luckGino

Market Research: Study the local market trends, job growth, and property appreciation to ensure long-term profitability.

This will help you spot good deals as you become more familiar with pricing trends and opportunities.

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

(ICF Global Coaching Study (2019): Rates and trends for coaching in high-net-worth areas.)

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.

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.

The renter doesn't have renter's insurance to cover a hotel stay, but the house isn't in bad shape and very livable.

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.