Welcome to the forums, and glad to see you heading out here to Colorado! 

For instance, ensure the property has enough parking for all of the residents and that it is in close proximity to the transit routes.In addition, when you rent by the room, you usually hire a cleaning person to come once a month and clean the common areas / bathrooms to reduce tenant disputes. 

I guess that's the first question I should get clear on - if we could use that history to qualify.I suppose the heart of what I'm trying to wrap my head around is this hypothetical:I acquire a property for $1M that has a NOI of $150k. 

I'm very new at this REI journey, but after years of living in the spectator seat, I'm jumping in head-first.Thanks in advance BP community!

I Keep finding myself at the edge but scared to jump in head first.

I want to try and learn every part of the process and play it out in my head so I am better prepared.

Not for nothing but why is it heading to small claims court?

(only move in to mid to lower quality rentals) If they have bad credit, less than 3x the rent in income, criminal charges or new on the job that is entry level with no previous history of being in the industry or career- denialIt is preferred to have one person qualify on their own and be the financially responsible in these instances. 

It’s either what Colleen mentioned or it isn’t a low flow shower head.

I've only had two other instances involving an appraisal in the past, one when buying my primary residence and one when refinancing it.