Please remember to calculate all the expenses needed and have a missed expenses drive you into the negative cash flow.Here is the list that I usually calculate: Real Estate Taxes Insurance Contract Services (pest, grass, snow,etc) Trash Removal Electric Gas Water and Sewer Legal Management Fee Repairs and Maintenance General/Admin CapEx Other Also remember to calculate vacancy You maybe managing some of it (for example Management Fee)  now, but i would still calculate it as if you are hiring someone. 

Yep, the upper end is in the mid 200's now.

I'm curious how this would impact parking in snow emergency situations as well.

I've painted a house at 30 degrees and snowing.

Do you have snow out in Denver Yet?

Now its time for numbers and pictures.Purchase Price: $79,200Front House: 3 bed, 1 3/4 bath- old rent: $700/yard maintenance and snow removal- new rent: $800/yard maintenance and snow removal- repairs: $300Back House: 2 Bedroom, 1 bath- old rent: $500- new rent: $775- Repairs: $8863 (new bathroom, some plumbing, electrical, all doors, wall repair/paint, kitchen counter top/sink/faucet, refinish floors, blinds, and many other small itemsGarage:- old rent: $0- new rent: $100So I was scared going into this, but after collecting the first full months rent, I'm all smiles. 

It would require a substantial addition to make the house liveable and if she lived another 20 years the maintenance, lawn care and snow removal would be considerable expenses.

So one of the issues on my mind is maintenance, especially dealing with snow and ice once winter comes.

You will have lots of expenses you are not calculating, like: vacancy, turnover cost, management, advertising, legal, accounting, permits and registrations, repairs, Snow removal, etc.

Especially when it is freezing and snowing outside.Thoughts?!