He has 2000+ units and a 200M development pipeline and is always in the news in my city.My ExperienceI followed him for months and spoke a few times in person at events.

I have done thousands of rentals, nobody cares about AC, its only used on and off for two months a year, and they always put in a window unit.

99 bucks a month, is this legit? 

My research on being a landlord has reignited my interest in real estate investment.I hope to buy a property locally in the next six months and then expand to another state within a year.

Coincidentally this was about two months ago as well.  

Inventory increased 33.8% to 7,439For the month of May: Median Sales Price increased 3.9% to $400,000.

Your monthly payment is going to be about 425/mo (20k loan 10% rate 5 year payoff) plus taxes and insurance.

In Westminster, a growing suburb northwest of of Denver, the marginal difference in price for a 4br v a 5br is easy less per month than the extra $800-$1000/room in rent you get. 

My tenant was paying 2200 and my mortgage was 2700 per month.

The quality of the people that you allow to live in your property directly impacts your monthly profit and also will arise when the relationship ends.