@Justin Garrett, The improvements along with depreciation taken all go toward establishing your adjusted cost basis.  

Sure, first you need to be an established business with a proper license.  

It will give you exposure and help you establish rapore and a network.

Personally I've never done more than month to month, I'd guarantee the rental rate for 12 months but month to month is the way to go.. you train your tenants and they will respect and stay.  

Is your property middle of the road with respect to other rental comps, or is it at the top of the price range.  

With respect to these criteria, I've had a good experience with the Colorado property (East Commerce City near Reunion) and a bad experience in Wyoming (Rock Springs).  

The policy is designed to comply with all applicable federal and state regulatory requirements and establishes minimum standards for the extension of credit.

I think as long as we establish ground rules from the beginning everything should be manageable.

@Malgorzata Sadowska I would respectfully disagree that the condo questionnaire is a mere formality for non-warrantable condo loans.

With respect to your anticipated returns, 10% is realistic depending on how high/low end you are looking.