Yes, it can feel like "wasted" money on months where rent is auto-paid and there is no maintenance to be done, but when you get a bad tenant or two or when deferred maintenance finally catches up to you, they certainly earn their keep.At your scale, you might be able to get a bulk discount with a good PM, especially if you can show how well your current systems are working and how they'd be needed less than usual.

The value of the property will impact this as well. 

The second floor holds a bright bedroom with a king bed and en suite bath, a restful room with a queen, and a comfortable bedroom with two twin beds as well as a full bathroom.

Born and raised in New York; I have been working for a contractor for a few years now and have owned my own exterior cleaning business for 4 years as well.

Looking for some advice on our plan to get started with our real estate biz.

It is usually done at the same time, but will involve asbestos testing which can get expensive.Big question is - why not just leave well enough alone?

Lease should also state that the tenant be in compliant with HOA rules and be provided that document as well to have on hand of the HOA bylaws, rules and regulations, so that if they do have an HOA violation, they be charged that fee and correct the violation [when it's their fault].

I personally came to the site with a background in rural land investment, but have learned a lot about other areas of real estate as well.

This strategy could be particularly beneficial if it aligns well with your financial goals and personal situation.Reach out and we can go over your specific situation and goals to see if Fort Collins makes sense for you. 

I'm going to proceed regardless as not planning on paying off that early nor paying down that substantially in the 1st 5 years.