@Kenny Smith the data I saw yesterday from Metro Denver Economic Development Corporation says that the front range is losing a few folks and the Western Slope is gaining a few more that your above number so while Colorado is gaining, the front range is losing and the Western Slope is gaining more.

I listened to a direct mail marketing owner on stage about 6 months ago, he said, we can mail to all the people you want with the best script, but if you do not follow up you are going to lose money and never be profitable. 

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

I  have no idea how much 20 spots would cost to install.Pros...no debtcheaper insurancesomeone else can maintain them.Cons...i lose a chunk of incomemy park is smallerIt seems like a no brainer but i would like to here your thoughtsthx  Russ

I am at my wits end with what to do on this to avoid losing everything on the deal.

Hi Tom, self-managing a long-term rental (LTR) beats hiring out a short-term rental (STR) for profit-to-effort—50 hours/year (Nathan’s estimate) nets $300-$500/month per unit (2024 Rentometer), while STRs at $150-$250/night (AirDNA 2024) lose 20-30% to fees, cutting gains.

Cash out Refi)Pros:- Typically lower interest rates than the other two optionsCons:- Higher closing costs- You lose your current interest rate that is probably significantly lower than current ratesHELOC)Pros: - Lower closing costs- Interest only for what you use- You can choose to use it or not depending on your future plansCons:- It is a second lien, so they typically have higher interest rates- Sometimes it is a variable ratePrivate Lender)Pros:- Less government restrictions that you need to follow- HUGE amount of flexibility because everything on it is negotiable from interest rates, to payment options- Not required to leave 20-30% of equity in the property, and no PMI if you have less than 20% equity- Closing costs are minimal.

So you don't lose the benefit-you just don't get it right now. 

Losing the Section 1014 Step-Up in BasisA giant issue: Investing in real estate inside an IRA forfeits the ability to pass assets to heirs with a step-up in basis at death.

Is it worth keeping a problematic tenant who will likely cause you to lose other reliable tenants?