A bonus is that unlike a duplex, in a SFH with an accessory unit, you can do Airbnb legally in Denver.

I would like to offer the actual selling agent a $1000 selling bonus if sold in 30 days and closes to stimulant a fast sale.

The second thing I want to tell you is I'm going to give you a bonus, (he takes out his checkbook, and writes this check out) "and I don't want you to look at it until you sit down to car and drive away, deal?"

I use my rental income as a source of monthly stable income, and then flipping as a bonus income.

I do reward my contractor with a bonus when the job is finished as scheduled4) you need to carry vacant property insurance during rehab, I found it quite costly.

I actually pay my PMs a bonus if the rent is paid on time for 6 or 12 months.

Here are the numbers:List Price: $184,950Estimated P&I: $826.55/moEstimated PMI: $81.80/mo Taxes:$2617/yrHOA: $0 (there isn’t an HOA)Estimated Insurance: $1017.23/yr (will get quote from agent soon)Loan Type: FHADown Payment 3.5%Interest Rate: 3.75%Unit 1 (4 Bedroom) Rent: $1070/mo (currently leased until July 2016)Unit 2 (3 bedroom and bonus room) Estimated Rent: $1070/moEstimated Monthly Maintenance Expense:10%Estimated Monthly Vacancy Expense: 10%Estimated Monthly Capital Expense: 10%Estimated Monthly Property Management Fee: 0% (I’ll manage it)Estimated Rehab Costs: Less than $3000According to Rentometer.com, the rental rate of Unit 1 is $125/mo below the median rent of the area, and Unit 2 is at the median rent of the area.

You could also set bonuses for hitting certain metrics with the investment.Often times I see investors not include and expense item for PM and try to self manage and then find out they do not want to do that.  

I want to strike a good balance between area's safety and ROI - should feel comfortable visiting without needing to looking over the shoulder or worry about high burglary rates  :) Good schools are a bonus too, but ROI trumps. 

Relationships now will be a hindrance or a bonus depending on how you choose.