Unless you live right next to this place, I think your hunch that you are getting in over your head with this property is dead-on (your title for this thread).

Hi Pam here,I'm looking to break into the Real Estate Investing market in Colorado and Wyoming.Anyone know of good Real Estate Attorneys, Brokers, and CPAs that play well with Investors?

@Antonio VicidominiHi Antonio, was just curious on how this played out? 

But when I fly my plane into BC I never even get checked.. just call a number write a little number on a piece of paper and stick it on the planes glare shield.. so anyone can get into Canada pretty easy via light aircraft.. now going the other way that's a different story... count yourself lucky if you get to live and play in the Oakanagon

Also, my friends out here enjoy golf, so maybe they've played the course where your model homes were built ^^In addition to the Meetup, I'm also interested in mobile home investing back in the US and I bought my first rental SFR in Jacksonville, FL, all while living and working out here in Korea. 

Well worth getting to know, even if he did play for the wrong college team.

Also, are you looking for CASHFLOW or SHORT TERM APPRECIATION plays or LONG TERM WEALTH?

Unless you think the parents are in severe financial distress and simply don't have the money, I would think that paying their kid's rent while the kid is at university is pretty high up there on the priorities list.I am imagining how the late rent scenario would play out:  Student calls mom and dad crying, asking "I'm getting evicted right before exams because you guys didn't pay the rent???"  

I bet you and I have lived and played in similar neighborhoods.I am an active investor and always in search of good properties. 

To play devil's advocate a bit, the disadvantages may be (1) keeping the integrated team busy, having enough in the pipeline to fully utilize your staff and run efficiently all the time, and (2) when the market goes south, and it will, if you employ a lot of people, it's really hard to downsize quickly enough to stay efficient.