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A 1,767 SF (Living) for $369,900 and a 1,767 SF Pool homes for $479,000.

I live 2 hours away from the property.

Heres my situation,My mom bought and "gave" me a house to live in summer 2019.

But since that is the choice you have made: I don't know what it is like in Pueblo; but in Mesa County where I live there is a person on staff that walks you through the process and the necessary paperwork that needs to be filed (they don't fill it out for you - just provide the steps).

Hi Sam, Like my colleague mentioned, we have assisted many W-2 high wage earners that have purchased STR’s to add to their portfolio.  

Personally, I rent out properties that I personally would live in- and I carefully screen my tenants.

We've replaced 5 water heaters in a single year, had plumbing stoppages that resulted in 3-5k worth of work, and even had to replace 1/3 of the pier and beam foundation in the house we're currently living in.

Since they live in another state, you will have to file in that state to force payment.

You have the book knowledge started and a general idea, but you have to remember that the books are all a broad overview and not exactly how it will all work in real life because your finances, properties, living situation will all be different than other.What's your goal of leveraging your current property to get another one?