Hello bigger pockets community, I guess I'm kinda new to the community, I began my account here sometime ago, to dip my toe in the water and see what was happening.

I recently have decided to make the jump into Colorado Springs to expand my portfolio.

We plan on selling next Spring/Summer, then reinvesting the money back into more investment properties and do some house hacking while we get the ball rolling and build up our portfolio.

When the "actual" appraisal came in (my $400) expense, it was so low that it blew any possibility of a profitable flip out of the water. 

Their guests have a wealth of experience that can guide you through the treacherous water in the beginning.Tap into the weekly BP webinar that Brandon hosts.

I would pay roughly $390/mo. for water and $279 for gas. tenant pays electric and I would pay $80/mo. for trash as well.

HOA owns hot water tanks, but not the HVAC.

And they're not wrong to feel that way either - it's just how things were framed to them.So to your question, my prediction is the market will react (as it has this week) and rates will get worse and we'll have slump in demand short-term, and that rates will settle down for the spring market.

) $0.00 $0 General Vacancy Loss 10.0% $9,240 Expenses Monthly Annual Fixed Electricity $0.00 $0 Water $66.67 $800 Sewer $0.00 $0 Garbage $15.50 $186 HOA $0.00 $0 Insurance $415.00 $4,980 Taxes $448.83 $5,386 Other $20.78 $249 Variable Repairs and Maintenance 3.0% $2,772 Property Management Fees 20.0% $18,480 Other Capital Expenditures (Reserves % Gross Income) 3.0% $2,772 Market Assumptions Market Rent Growth (per annum) 2.0% Expense Inflation 2.0%

That would no be a fun water cooler discussion: "Hey, Bob, how was your weekend?