I've heard the shorter contracts are easier to get people to sign, but I don't know if you can do that in Colorado.   

I am looking for a service whereby I can have a recurring notice that I can modify each month as I need to add the water bill which changes every month (municipalities in CO won't allow the tenant to put water in his name).

I know that the Harris Co tax site links to two law firms, but only one of the links is currently working. 

To open a property management co in Washington you must have your managing brokers license. 

Yes, Tessa, you absolutely need to have a Title Co do the closing.It is possible the seller may be in violation of the new Dodd-Frank, and SAFE Act Laws, but it is not necessarily "Likely", There's a pretty large safe haven if they're an owner/occupant, and depending on the state, a number of transactions per year may be exempt (You didn't mention the potential problems with the balloon payment if the buyer is also the occupant)As with any investment, Due Diligence is required.

Looked hard at Co-construct, but Buildertrend was a better fit.Most serious builders end up using Buildertrend or Co construct.

The seller actually notarizes it at the time you close the purchase, then it is held by the title co and recorded at time of payoff.

If it weren't so darned far away for me to self manage, I'd start looking at Pueblo or Grand Junction, because the entire front range from Colorado Springs to Fort Collins is nuts.  

@Stephen Torti My subscription still works, not sure if they (Preston & Co) have made any major updates in the past 2 years.  

Since then (Jan this year), I have been managing this property from CO.