@Bob Stevens that will be 8-10% net after all monthly reserves for property taxes, insurance, any owner paid utilities, vacancy (5%), property management (10%), and maintenance (10%).

For some things you need to use ethics and just common sense to decide to do it or not.An example.

Other investors such as many which I have represented prefer an established neighborhood where I can tell them how many, and which homes are owner occupied vs. not as a neighborhood with more owner occupied homes means less competition for rental homes.

So, I decided to buy it myself and list on the MLS.

(One of the nice things about Westminster is that they're one of the few Denver-area cities to allow non-owner occupied short-terms, so you could give that a try to boost your revenues.Also, my standard advice for first time investors is to not overthink it.

I am trying to decide where to start rents at for my first rental house.

Or are you trying to buy the property as an owner occupied primary residence while living in another state? 

Once that is in place we'll need to decide if all of this 250k can be used for an investment.

📄My journey in real estate started with a hands-on approach, where I actively reached out to property owners.

I’m curious, did you cancel or have you decided to stick it out?