It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

My plan is to take profits from flips and reinvest in Denver into properties that I can force equity into, that are positioned to appreciate, and that would at least break even and pay for themselves.

Plus, it gives you flexibility as you can draw funds as needed and only pay interest on what you use.

I spoke to local owners who have been audited for increasing rents without there permission and they had to pay back the difference!

Med students are usually pretty responsible, and you know they can pay with their student loans.

I guess I'll start by sharing a bit of myself and how I got here.A few years ago, I saw a listing for a 4 plex in a nice part of a city in the CA Bay Area and thought, that would be so great if I could live there and collect rent to help pay off the mortgage (it was even listed for a reasonable price, though I'm sure there was a bidding war for the final sales price).

If you don't mind saying, what did you pay to do the gas and electric meters? 

If I got a Heloc, once the property is built, could I get a traditional mortgage and pay off the heloc and then tap into the new equity as well?

The previous owner was paying $3k a year with DB. 

There will be some giant surprises to many there when you have to start paying engineers for frequent evaluations and making the structural repairs required.