Everything else can be a copy, e-copy, a copy-of-a-copy for all that it matters. 

One of my favorite pics, though not the pic of ours when it happened to one of our tenants.

(My favorite theory on why high demand will continue and therefore higher prices in attractive markets like Colorado Springs and Denver will continue is all about those damn Millennials.)Rents will increase 7%Redfin says the end of mortgage forbearance will cause many homeowners to sell and rent instead.

Originally posted by @Bob E.

Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

I doubt Community College will teach you anything you will ever use to make money in this business.If it did, the teachers would all be driving Rolls Royce's and living in multi-million dollar mansions--they are not.If you want to learn about SFH's (the bones and the guts of them) vs being a hammer swinger putting up framing (which you don't need to go to college to do)...study to be a home inspector at someplace like the InterNachi... https://www.nachi.org/become-home-inspector.htmOnce you earn the badges you will know your stuff about SFH inspections.But still that's a big commitment and it's not needed to make money in this business...you can hire Home Inspectors, just like you can hire tax pros, bookkeeping, and etc...If you want to learn how to "put in cabinets", "replace a toilet", "shingle a roof", add a dormer, etc...you can learn on YouTube fast and easy.If you want to learn how to frame, get a job 9 to 5 with a framing contractor, and get ready to WORK HARD.Here is a 582 page picture book of how to build a house: https://www.amazon.com/Complete-Visual-Guide-Building-House/dp/1600850227Sit down next to a Keurig Machine with a book like this and your favorite mug and learn at your own pace.  

Using your real estate license as an investor is one of my favorite subjects to talk about!

No blinds, get ready for all kinds of original window coverings, including cardboard, Communist guerilla hero flags, sports flags, and my personal favorite to date, a printed banner with a marijuana leaf and "STAY TRIPPY" printed on it.

Most of the work is basically e-mails and web searching, sometimes you need a zoom or a call with a lawyer, servicer, realtor etc. and that can be done even with the time differences.  

RE agent said he does this whenever he can to remain liquid and not tie up too much cash into the house.