I believe that list of tasks for Colorado includes:-Setting rent-Negotiating lease terms-EvictionsAnything else?

Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?

A comprehensive financial plan should consider both debt repayment and investment strategies for long-term financial health.Thank you!

The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

Do they want longer term holds, targeting cash flow or appreciation?

I plan to refinance this property in a year and a half and turn it into a long-term rental, so I am weighing the short-term benefit advice from this contractor with the risk of getting pegged for doing work without a permit.

I just don't really recommend selling a property that you're doing well with in terms of rental income and appreciation. 

Tenants understand that the owner or PM has the right to periodically inspect the dwelling and if it is found that the tenant is destroying the home the Section 8 office can be contacted and the benefits will be placed at risk along with possible eviction.  

I have rented my properties by room while I live there and turned them into long term traditional rentals at move out.

I'm looking for an exit strategy , if I did decide to use my heloc to purchase the property cash any thoughts or suggestion on an exit strategy. or maybe something you did, My long term goal is always cash flow.