Who else to listen to, as well, because the realtors on the ground who have been in their field for 10+ years will know the market the best.Even if the realtor you meet does not specialize in what type of real estate investment you want to do, you never know where those connections could lead and once you get into the broker circle you are in the circle and can build relationships with other easier.

To evaluate the rental property I've used the excel spreadsheet found here in the MMM forums: https://forum.mrmoneymustache.com/real-estate-and-...Here is some pictures of the properties exterior: Front Door: Rear Door:Side View NorthSide View South:We're modelling the exterior renovations off of this picture.

Hello, I've found a few different excel models for analyzing apartment building deals but they are from about 6 years ago. 

But if they have good, steady income and good Landlord references, they may be excellent renters that will stay put for a long time because they can't qualify to buy.There's nothing wrong with taking "risky" tenants as long as you mitigate the risk and have solid processes in place for when they fail.

I know it all depends on my relationship with the person, as well as the % I am asking.If you are in a really hot market, would you take in quality leads from a referral agent if they are asking for 25%?

My personal biased opinion is that over the long-term picture of 20-30 years, Denver will be an excellent market to hold real estate in.

Plus it mitigates the risk of only you having the financial burden of financing by yourself and develop relationships Let me know if you have any questions.

Also looking forward to building new business relationships and learning more and more from you all posts!!

Excel Very easy to use and has been around for 20+ years so I don't have to worry about changing in the future. 

I think you will be better served being aggressive in making offers, shopping hard, building relationships with real estate professionals, and in the end tackling a house that you can add value to.