hey all, just getting my head out of the 9-5 mindset and looking to expand to real estate - I am initially very interested in cash flowing opportunities in Denver (or relatively nearby, up to Ft Colins Dows to Col Springs) - but am concerned they don't exist - would love feedback/advice/etc - also very open to cosmetic fixes with an acqiuisition but house hacking is not in the cards (at least not right now).....

Better have enough stacked in the bank to cover the note. 

You want pre power of sale, the owner will atleast receive some money instead of loosing it all.

Now they said ok to drop 25k and we cover for everything including the hazardous flags.

Hi Walker,If you use a DSCR loan on the refinance, they do not care about your W2 income as long as you have enough liquidity to cover the deal.

We just want it to cover it's monthly expenses.

The first Acre is a Cleared Lot & we plan to build on it.The second Acre has a small 661sq ft House on it, and an existing foundation for a 1392 sqft house which a builder started but stopped construction on due to not being paid as the HML would not issue a draw.Entry - We currently own 3 properties we are almost done remodeling and we plan to hold.

You're probably going to want to put a higher amount down on a property that doesn't need work so that the rents cover the entire mortgage payment and then some.

Initially, the seller agreed to cover the costs of septic system decommissioning and sewer connection, which sounded great.The seller's agent contacted my agent late last night to inform us that our offer had been accepted.

We asked the building inspector to allow/accept the existing non-compliant but pretty good back stairway as an existing condition.