Hi Garrett,Just off the top of my head, here are some of the steps you might want to take.Seek a construction lender for the job as as well as a lender for when you are stabilized.Find out what the Lender Requirements are for YOU (and your Partners and Co-signers) and for the Project, and work to meet the requirements.Open your dialog with a Lender(s) early on, and keep an eye on interest rates if they flux up you may want to reconsider doing your build.Talk to an Architectural Firm (that has built recently in the area) apartments of the size and type you are wanting.Ask them for some rough (You Spend) figures with timelines on them and see if that matches your Vision for the project (be ready to take out your checkbook for this).If it's a GO, have them recommend a General Contractor for the job (that has built recently in the area) apartments of the size and type you are wanting.If there are tax incentives tied to the project for certain renter classes have your CPA figure that into your projections.Consider any "Dirtwork" (soil engineering for poor soil) or required "Drainage" costs on your chosen site (or shortlist of sites).If it's a GO, tie up legal control of your building site.Note: Big construction can Bite you in a Big way if you have little experience in it.

My markets are in the San Francisco Bay Area, Denver, CO and Fort Collins, CO.

Do we hire a property management company to deal with him and he can send his complaints to them and they can deal with his lawyer letters and legal letters he’s getting from his lawyer friend (for free, so he isn’t even having to pay a lawyer for help...but of course I would have to pay because I don’t have a lawyer friend...) and the PM co can deal with him until they can get him out?

First one is Denver:https://www.biggerpockets.com/forums/521/topics/289985-denver-meetup-april-4-2016Second is Erie:https://www.biggerpockets.com/forums/521/topics/292694-north-denver-erie-colorado-april-20th-meetup-4-20-2016

Hi, I bought in Colorado but live in Spain so had to do everything remotely.

The mortgage co will be notified if the named insured is modified, so if this is a wrap or sub2, just be added as additionally insured. 

I think even if I did follow through and get my license, and become an expert in this area of CO as a realtor, I would still likely hire a realtor in the state that I was buying in.

However, I'm sorry I sold that rental property in Colorado Springs because it is now worth five times more than what I sold it at and renting at a much higher rate.. 

The following clauses in the agreement seem a bit weird to me, are these normal:The Property Owner shall obtain and maintain full control of renewal of property and liability insurance coverage naming the Property Manager as co-insured, including fire and a minimum of $100,000 liability coverage; the Manager has no duty or responsibility with respect to any insurance coverage.In the event the Owner enters an agreement for sale of the property, or an agreement to list the property for sale, Owner agrees Manager may terminate this agreement immediately, without any advance notice to the Owner.This Agreement may be terminated without cause at any time by either party with a sixty (60) day written Notice of Termination.

If it's one deposit, you can keep up to the full amount.I'm Denver, Colorado.