You may want to check with a lawyer just on any high level terms that can get someone out of trouble in CO and confirm it against your RocketLawyer lease.LLC QuestionIt is good if you want an easy way to manage your investment expenses/income versus your personal income/expenses.

I'm thinking that finding a reliable, trustworthy contractor to partner up with would be the best bet since I won't be doing the majority of the rehab work myself.

@Orlando Spencer - I bet it is!

However, if the tenant isn't wanting to pay utilities I'd bet there are other issues in the unit either with rent or upkeep etc 

I bet if you placed an ad on Craigslist etc and had in the first line SMOKERS WELCOME!

Engelo turned me on to Rocket Fuel I bet you like that one..

I'm all about making people hunt me down versus me running after them.

If I was starting over I would concentrate more on the quality of the location versus an immediate cash flow as I have learned that great cash flows will always follow great locations, (it may not be right away but it will come)."

Still learning here . . .Just curious what's the purpose of putting the property under land trust versus just standard individual/personal name.

These aren't great properties and he uses them to pocket the difference of the mortgage payment versus the amount he gets in section 8 for the property every month.