That exceeds the 5 percent max allowed by Fannie Mae, at least in Colorado.

For example in Colorado the shelters all fill up when the temps dip below freezing, so we have a lot less homeless people sleeping outside “unsheltered” than in CA.  

At a 500-700k budget, I'd look at a 2-4 unit property in places like East Nashville, Colorado Springs, Raleigh-Durham, Richmond, VA, maybe Salt Lake City (though that budget might not cut it there).

We have a real estate investor meet up next Thursday in Colorado Springs if you can make it.

I use: Coaches Companies that hire seasonal workers College Housing website Official Parent Group for Colorado Mesa University Craiglist Zillow Avail - posts to 30 sites for free Apartments Roomies Market place Reddit Tenants incentive "Room for rent" Signs - google Voice to hide my actually phone number Your cities Department of Human Services College bill boards rip off advertising

Housing was less expensive than my home state (Colorado).

I price my midterm rentals in Denver and Colorado Springs through a blend of rentometer.com, checking out the competition and paying attention to the season.

I've bought a handful of foreclosure properties here in Colorado and am running into an interesting scenario with my most recent purchase. 

I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

We are looking to purchase a fourplex in the Colorado springs area, for our first property in about a month or so.