As somebody who wants to step into the rental market myself (though likely not in CO), I plan to ease in with just one unit at first, cash, and add more at a rate no faster than 1 additional unit every six months, knowing full well we're likely to be in the later innings of what's been a lengthy economic expansion. 

To put your wife's fear at ease to cover rentals mortgage if tenant moves out and u have vacancy for little longer then u thought.  

It really comes down to the property as to the ease of management.

Apparently the two seller's are exes and there is a lot of tension between them and they can't agree to anything. 

That should ease their mind.

He/She will put your mind at ease because there are a lot of uneducated people out there that will talk you out of this strategy. 

Sure many will join and quit, likely a higher number than with a traditional brokerage due to the ease of 'entry and exit' without personal accountability. 

It is hard to ease yourself into this space.  

Account Closed, was just trying to point out that if you are want to make your first flip also your primary residence then going multi-family can ease your monthly nut and be more profitable in the long-term, even if selling is your end game.

I use different LLC's for different asset classes (ie mobile homes, SFH, MFH) based upon risk, and ease of taxes