In my opinion, it is the BEST strategy for first timers - you get the buying experience, the property management experience, and you get to start building equity right away (especially if you live in Denver).

I've done everything from wholesaling to property management, and I'm always excited to connect with fellow investors.

Hello everyone, I am having trouble finding an investment property that has positive cash flow in my area.

Assuming you are managing the property well and taking care of maintenance issues, there really is no benefit to either you or your resident from the inspection.  

That means that they have a separate dept to handle ordering the appraisals directly and they don't farm that out to an AMC (appraisal management company).

Hi Ismael,It's great that you are thinking ahead and properly managing risk.

Some great advice here to do your own underwriting and focus on the experience of management.

I agree with @Michael Plaks - having them provide financial and tax strategy together is not necessarily a good thing.Interesting to note - all of the largest asset management / financial advisory firms I work with...none of them do tax work, they all coordinate with a tax firm to address those needs.There are true "fee only" financial advisors out there. 

I would basically do what this owner is currently doing, which is more or less property management.

Even in a perfect market with low interest rates and high resale numbers, and the perfect Contractors and Property Managers.....