Like any active investment/business evaluating the business environment is part of the CONTROL we have!

I would ARM in todays market environment since I believe in higher probability of rates declining within 7 years.

Obviously we need to do some groundwork with the City planning department and potentially zoning.We are approached constantly by developers seeking to purchase the property for them to develop (everything from we want to build homes to help the environment to building condos for our 98 year old grandmother to live in). 

I would encourage you to compare that rate of return with the income you may be making from the property and then factor in the safety of the savings account versus the unknowns of repairs and maintenance of your purchase.If your monthly return on investment was $400 on the property, and you can make $333 just letting your money sit, I’m not sure I would make the investment in a high interest rate environment, factoring in the fact that you will probably want to refi your property within the first two years of owning it at a high interest rate.I think I would ask myself what is the advantage of buying now, versus buying a year from now.  

There are also a lot of benefits surrounding sustainability with those tiny houses and Colorado loves the environment and preserving natural resources.  

I don't love letting folks view when an existing tenant is there because it is not a controlled environment, however if you have had a recent inspection of the property and you know it shows well and the tenant is amendable then "GREAT".I would add that since your tenant is vacating early, they are still financially responsible for the lease until end of term.

We almost welcome turnovers in this environment as it allows us to raise to current market rents which have been rising along with the housing prices.

I then send him an email explaining how the lender did this second appraisal order at the last minute and the poor buyer was packed up and ready to move.Miraculously, in this appraisal environment, the second appraisal comes in at value!

It's encouraging to hear about the city's strong job growth and GDP percentage, as well as its pro-investor and landlord environment. 

My marketing efforts have built a network of consistant referral base for people interested living in a community environment.