After all, if I had double the number of properties (and double the number of tenants) because I continued leveraging, I think I would be pulling my hair-out or have to quit my full-time job since I didn't have a system/process/experience to handle that number of properties/tenants starting off.On the other hand if I was experienced and well-oiled like the other posters here, I'd probably leverage and pick up properties like no other.

ND has a huge oil boom in the western half of the state... that's slowly pushing people towards the center of the state where he is.

Two oil companies did a joint venture under the new Wyoming LLC law and when they submitted it to the IRS they were given pass through tax status.

If you have an oil heater, you must use the company we depend on for repairs or when the system fails mid winter, you are on your own.

So one day I am hoping that I will no longer have to put personal funds into my real estate account and I will be able to simply watch the well oiled machine do its thing.Do you think this is a profitable strategy given the Denver Market?

Attic not insulated or any walls house or ducts in the house.Just put a heat pump and air handlers in, was oil heat.

Lots of corporate jobs here have moved to permanent WFH (at least a few days per week--even oil companies--I can speak with personal knowledge of one super major--BP, and one major E&P, Marathon--if the job CAN be done at home, they have allowed for a 2 day/week or more WFH schedule indefinitely) so lots of people are moving OUT of the city--even out of the pricier suburbs like Katy (where I live) and opting for that "small town country life" situation.

I live in Houston area and housing here seems to be doing okay (despite oil price being challenging).

Permian (Midland/Odessa) is great for cashflow if you can get a good deal that works in times like now during an oil bust.

We ripped out all the carpet and wood floors, remove some sub floor, treated all areas with oil based Kilz.