Paying water bills at different municipalities 4 times a year and then billing tenants back and collecting from them is also a significant administrative task - how does it compare in your experience?

I have been looking into investing in a rental property in Wyoming recently, based on lower housing costs and property taxes combined with reasonable comparable rental rates.

Once you learn the basics stil keep learning and tweaking but prioritize your time investment into what brings the biggest - percent likelyhood of successful payout- volume of payment vs the riskWhen I ran a large call center I compared it playing money ball with time.

With the appreciation, tax benefits, offset mortgage, etc. the upfront costs in undertaking a good sized project are minimal compared to what is possible 5,10,15 years down the line...Just something to keep in mind

.- I agree with other comments, investing in OZ is very risky, most of the offering is an opportunistic-style investment (compared to core/value add in 1031 DST), so there's quite a bit risk of losing money.

We were focused on just flipping, but now seems that holding the property will be more in line of our goals.If any of you have recommendations for property management companies, I would love to start contacting them and comparing?

Prior to putting in the offer, what did the comps sell for recently and how does that compare to your offer? 

We're pretty cheap as far as what we charge for critters compared to our competition, but this helps offset the extra cleaning required for pets and profits us for being flexible. 

I was looking at it from an opportunity cost perspective in order to compare in anticipation of renting out in the future.

The new group housing laws in Denver are in these prices if community review at the moment and should be signed into law in June: https://www.denvergov.org/cont...I am a coliving investor as well, if you are interested in comparing notes.