Some properties just lend themselves more to one approach than the other so this combination approach may even be a wise long-term strategy.In order to grow your rental property, you need to generate cash and house flipping can be the means by which you do that.Experienced investors caution against focusing only on house flipping because it requires constant attention, time, workers and employees, and energy.This can lead to a lot of cash but no passive income.

This could also be a great option for you since you spend a good amount of time in Colorado, so you can use it whenever you'd like rather than having a tenant occupying it constantly.

I would suggest networking with other Note investors and perhaps when you're closer to your funds being available, start looking to JV (joint venture) or like you mentioned a partial. 

With questions like these, I have to constantly remind myself when considering making additions to a property: "refer to the comps."

I was constantly looking up terminology in he early episodes and I felt it help give me the knowledge and confidence to pull the trigger.

Mostly it has been appreciation with a big boost from value adds that have allowed me to be confident of weathering a financial crisis similar to the GFC/GR.In my market, market appreciation has been a near constant positive impact on ROI and therefore is king. 

It also hints at the potential that it is a joint venture [which can deter suits,] so not only are you introducing a barrier to entry but you are making those considering the suit doubt what they will have access to.

Kind of like the myth that if you become a landlord you'll constantly be dealing with calls about overflowing toilets in the middle of the night.

I've found it incredibly helpful to constantly be surrounded by like minded people, talking about goals and actively working towards them together.If you think you would be interested, please send me a PM.

I'm still new at this and learn constantly from BP forums discussions, blogs and Podcast.