My typical investment in Colorado has been around a ~500k purchase price, and I really strive to purchase property that is $20,000 to $25,000 under market value and that is break even cash flow minimum after operating expense/debt. 

@Scott Trench I am currently raising on a 506(c) 120-unit multifamily acquisition set to close within a matter of weeks once Freddie Mac completes the review of our low interest rate debt assumption. 

Should be able to get rid of bad debt this year, then I could do another one, but regardless on how you decide to move forward; find a good team first, then trust but verify everything, question their answers and demand proofs on ARV, rent amounts, any numbers.

I am in the pay off all debts (to increase my debt to income ratio) phase while also trying to save up money to start. 

In addition to that, he owns a sober living business (soon to be) over 12 homes.

It does create an additional job for you, but one that can have a decent return.

While your current situation may bring a few additional challenges, we would love to help get you to the finish line!

No carpet unless the ground is uneven like a garage conversion or addition with poor foundation, if carpet get a thick pad.

Just because you bought at a particular cap rate doesn't mean that you'll find another buyer at that same cap rate when you sell to take advantage of your additions to NOI.

Everyone has a different level of tolerance and inevitably there are additional challenges that present themselves when investing out of state.