I much prefer a lower cap rate in California knowing there is a high likelihood of long term rent growth and capital appreciation vs. concerning myself with a higher initial cap rate in the midwest but on an asset where rent grow is small and an asset that is deteriorating. 

Its young professional workforce is attracted to Denver’s natural beauty and vibrant downtown.

Better deals will come with time naturally.

I look forward to interacting and growing with everyone and hope everyone has a fantastic day!

What you lose there you will pick up on cash on cash returns and if executed well you will also be able to grow with more speed.  

:) Nina.I would absolutely love to help you begin growing your rental property portfolio.Those markets that you mentioned are overpriced at the moment but there are many markets out there where you can buy single families with 20% down and cash flow $200-250/mo with cash on cash returns of 18-20%!

People know which town looses people, where economy is growing, etc...

And help other agents with there open houses and things of that nature. 

Also, They can fall to zero if your location is impacted by natural disaster or if hard crime takes over the neighborhood.

Here PM companies are expected to provide routine checks of properties, both the commitment and cost are baked into the service offering - so ultimately the client pays (PM fees are typically 7-10%).It still falls short of what we do in-house for our own properties (one of the reasons we are growing our own capability).