This asset class is as hot as a Texas summer, and the numbers prove it.So, let's first look at the demand and occupancy.

.- Mountain views- Onsite fishing/waterfront- Game room/arcade- Wood burning fireplace- Access to pool/swimming- Hot tub- Outdoor firepitIf you have a great mountain view or are waterfront, you are definitely starting out on 2nd base.  

Just remember, while initial cash flow might be lower, Denver's still a hot spot for long-term appreciation, and its rental demand means you shouldn't have trouble finding tenants.

Westchester NY, who pays for (expenses) heat, hot water, electric, snow removal, salting, trash bin maintenance, plumbing stoppages, plumbing leaks, key changes, sweeping and cleaning, CCTV, rehabs after tenant moves out.  

Especially in extreme climates where it gets very cold or very hot seasonally.

Hi Dustin,     In my opinion, based on your big picture goal, It may be more effective to hold onto it until you meet the bank's eligibility criteria and then sell it while the market is still extremely hot with very low inventory (especially in Worcester!)

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.If you're not interested in that you could invest in hot markets OOS.

Mainly you're responsible for the sewer bill and to provide heat and hot water, but not things like air conditioning.If this was winter, I'd be concerned about pipes freezing if the relationship isn't going well, but a 10 year tenant probably won't let that happen.I don't really know about the downsides of not having a lease. 

After being a landlord of 4 doors for years, my wife and I decided on selling our property in the insanely hot Colorado market, and we set out on a road trip to find our new home.

. :)You will need a degreaser, Dawn and hot water is excellent, gloves, a bucket, cleaning cloths, and a lot of elbow grease.