Good question - I've never been to this city or met the seller in-person, so it's an interesting story!

Ask how many units they manage and how much experience they have.

This experience reinforced the importance of being agile in the market, ready to capitalize on opportunities as they arise for maximum profitability.

Has anyone had any experience in this space?

So my plan is to get experience on managing property & maintaining tenants.

Hey @Christopher Douglas I would get out and go to some real estate meetups and meet some people in person.

If you don't have such a person, you can go to a third party service like VerifyInvestor.com and pay a fee for them to review your financials and generate the letter (from an attorney).

I know in Washington state a home owner can do their own work including electrical and plumbing, but as you pointed out has to live in the property for 1 year after completion.If you get licensed as a contractor (in WA state it takes some paperwork, filing fee and insurance/ bond, no test, no experience etc.. )  Then you do the work under you contractors license and no holding period needed. 

(Usually for someone without a lot of experience, family or close friends are your best bet.)

Context: I live in COS but plan is to start flipping in Pueblo to build equity and experience.