@Matthew Posteraro I'm a big fan of starting with the 5% options. 

Given Denver’s high price point, out-of-state investing could be a great option, and reading Long-Distance Real Estate Investing is a smart move.

I was thinking of giving him 3 options.Option 1: He switches to a month to month lease changing to a weekly rent rather than monthly, the new lease will have different rules (ex. such as agreeing to a cleaning schedule and a liter schedule or trash needs to be picked up and placed in a trash can every 12 hours, human waste can not be stored in containers)Option 2: He moves out at the end of March, I keep the security deposit as rent and he does not have to pay February's rent and late fees.Option 3: I'll give him $400 to move out 3 days after we have this discussion.Thank you for any suggestions, I would like to handle this delicately as I don't want a squatter living with me.

One option is to buy the home and pay them out in installments rather than taking out a bank loan right away.

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

Happy to help you with either option, send me a DM.

Going to try out PayRange, the Shine Pay is slightly more expensive and the one quote about the 20 units appears to be from shinepay as it is the only qoute they ever made... not sure which is better but both look like good options

I am going to finish the rehab and get it rented then resubmit for a rental loan.I have used Cashcall Mortgage twice and have been very happy with them but Elite seems to be more flexible and have more options so was going to see if they are competitive.

There are DSCR lending options in your personal name.

They should have the option to install a security alarm at their own expense.