Born and raised in New York; I have been working for a contractor for a few years now and have owned my own exterior cleaning business for 4 years as well.

Lease should also state that the tenant be in compliant with HOA rules and be provided that document as well to have on hand of the HOA bylaws, rules and regulations, so that if they do have an HOA violation, they be charged that fee and correct the violation [when it's their fault].

It is usually done at the same time, but will involve asbestos testing which can get expensive.Big question is - why not just leave well enough alone?

This strategy could be particularly beneficial if it aligns well with your financial goals and personal situation.Reach out and we can go over your specific situation and goals to see if Fort Collins makes sense for you. 

I actually created a post on this a year ago which was not well received, so I'm happy to see we have more of a safety mindset on here now!

I am a big believer in investing for appreciation (especially if it was forced appreciation), but $800 a month negative is just too much to swallow IMO unless that property was appreciating well over that every month and you had endless cash to burn.

The rents are decent but you’ll have to watch your debt closely to make sure it cash flows well.

This is basically how bored tax geeks entertain themselves, nothing mean or personal.This picture illustrates our mini-debate regarding IRS publications quite well.

Quote from @Brenden Evans: A large percentage of investors (maybe the majority) never really learn to manage their properties well.

I am local to Ventura County, CA as well… let’s connect sometime soon!