Rentals must be a minimum of 30 days.

If you're licensed, you absolutely must have a separate escrow account for your earnest funds and deposits.

@Anna M. make sure the current lease does not have a provision for automatic yearly renewal. if it does not, it does indeed transfer to month to month. typical state law says you must give tenant one full rental cycle of notice of lease change. this means if you want them to sign a new lease, you have to let them know before jan 30, to take effect march 1. unfortunately because you are closing jan 2, you cannot give a full months notice, to take effect on feb 1. you can request moving closing up into dec though if you want, and sellers are amicable, but if you are not increasing rent I doubt it is an issue, since the current lease was provided by a PM company.

Must think others don't understand  the words "As Is" .

With that being said, some properties that are still listed must have their reasons.

Winning coaches know when a certain play is the right play and when it’s the wrong play based on all the variables of their unique current conditions.If you want to achieve a high level of success as an investor you must spend the time to learn the concepts and theories.

The constraint is that the locks must all use the same type of key (have the same keyway).  

By the sounds of it, you intend on spending a reasonable amount of time in the state, and so your personal enjoyment of the place is as equal a priority as the investment side.If you think you will be travelling back to Chicago a lot during your time out here, then a front range/summit county location like Jon has suggested might be in your best interest, so you arn't too far from DIA.If, however, your goal is to get far away from the highway, then come and visit us in Telluride! 

Just Remember with FHA the properties cash flow minus 25% must be greater than the mortgage payment or your will need to go conventional.  

Professional photography is a MUST.