I suggest buying a property from MLS & having a PM company manage it for you.

if you decide to go ahead I would suggest doing what I did I charged One year upfront and the lease was with the parents of the occupants I had theor security numbers and they were personally responsible for any damages At no limitI first went to a real estate attorney and had him write up he lease to make sure it was all legalWorked perfectly when a group of them did nearly $10,000 worth of damages Mommy and daddy paid up within days of them leaving at the end of the school year. 

All suggestions are welcome.

When you have had a tenant for that long, you will need to do some improvements / upgrades (flooring, perhaps a new bathroom, windows/doors, etc) and you should be proactive about suggesting / planning them.

All advice and suggestions are appreciated.

I have 25k in each but suggest you use them ONLY in emergency situations.

Any suggestions from the BP community on what is realistic?  

I did what John suggested for both pre-foreclosures and probate.

How long is the study period you usually offer?

Hello Colorado BP Members,I'm nearing the end of the my studies for a Colorado Broker license, and I'm looking for a low cost brokerage to hang my license at to meet the 2 year requirement.