Check vacancy rates, repair costs, ARVs, etc.

The costs of land  , engineering , site work , permits , labor , and building materials make this virtually impossible . then there are zoning issues and the rest of the politics that go along with this . 

I'd be happy to chat with you about property managers in the area and what to look for!

I used to have several out of state investors who would buy houses in Memphis via the online tax sale auction, then hold them for a year so the redemption period ended, then they would hire an attorney to "quiet" the title which would take 4-6 months and cost roughly $5000 but then they had clear title and would sell it "as-is" to other investors or hire me and list it on the MLS and get higher offers. 

I am more than happy to share my preferred lenders that specialize in investment properties, home inspectors, contractors, landlord and builders risk insurance carriers, and CPA's that know to do cost allocation studies with my investor clients (that's how you know you have a CPA that knows real estate investing accounting).

Hence  I dont use a property manager/management company for this unitPosted on Zillow , total of 6 applicants. 2 very interested parties.

I've always seen a disclosure in rental lease by property management saying "This lease form has not been approved by the Colorado Real Estate Commission.

I am still with the same old Robert title 1 management company which you recommended (which is acquired by Pure Management company).

Typically it will cost a point but it’s better than hitting maturity and then have default interest kick in.

If the 7% has no points and the 6.75% has 1 point in cost, then you would have to go back to me and ask me what paying 1 point in cost would get you as a rate, and that number might be 6.5%.