The property hit the market and went under contract in one day so they did not end up making an offer. 

In the competitive world of real estate investing, finding tough markets with great upside gives you an instant edge over the competition.

Have you set up an email marketing list with something like Stayfi?

Whether you're an experienced investor or just starting, having a reliable and efficient property manager can make all the difference in the success of your rental properties.Here are a few key traits I've found important, but I'd love to hear your insights and experiences:- Communication Skills- Organizational Abilities- Knowledge of the Local Market.- Problem-Solving Skills- Proactive Maintenance- Financial ManagementWhat other qualities do you think are essential for a property manager?

Purchase price: $200,000 Cash invested: $40,000 First investment property - higher end rental in my market.

Hitting that 1.20 ratio would be tough in a lot of markets though....too many unknowns to guarantee anything, but it might be worth checking into futher if you can get the stars to align. 

How much above market will be the determining factor whether I want to move forward or not.

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

What's your best marketing piece?

This seems like an impossible task in the Denver market at the moment, but I am looking forward to not living in an AirBnb soon!