I already own one rental property, which is doing great, with cash flowing around $500-$600 per month.

Will your savings grow faster than property values?

Can you sell your currently live in property to your LLC?

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.

Purchase price: $594,000 Cash invested: $153,000 Closed on my first investment property,A single family residence of 3000sqft ( +another 800sqft unfinished basement) on a 0.25 Acre lot.

I want to add AC to this property and leave the boiler in place.

I would like to get my first investment property before the end of the year. 

It seems in order of increasing profitability:LTR < MTR < STRGiven that I'm based in the Denver metro area, unless I'm occupying the property as my primary residence, STR is out the question, as Denver has cracked down on the short tern rental laws.

Diverse potential property that can be turned into a STR, MTR, LTR.

My calculations are based on 2 sets of numbers - the numbers the seller has provided, and my own calculations accounting for 5% for vacancy, 5% for repair, 5% for capex, 10% for property management and actual costs for property tax/insurance.I am trying to decide if this deal is worth pursuing or if I should walk away due to the premium on the homes.