@Abigail RodriguezIt's probably not what a lot of people want to hear, but it's the reality.

And that additional income as an agent and property manager allowed me to buy still more properties and is giving me connections of people to partner with on larger deals going forward.

It’s a great resource to meet people and get referrals.What is your current situation regarding homeownership?

Definitely a lot more deals in Denver than people realize just have to get creative. 

I had to be certain this deal is DOA because there is always that one person that see potential in deals most people would pass on. 

I normally advise people to self manage for the first part of their journey if they can so that they can get a knowledge base to become better investors.At some point if you get to enough units self management is tough and its too costly to hire an employee so the numbers make sense hiring a property manager.To be blunt, you are going down a risky path for an investor.  

I see people are getting a loan and investment capital to cover the property amount but then they drop 100k on renovations and they say they have $0 invested.

People think we just add in an extra few thousand for negotiating purposes?

I hear stories about how people lost their money by buying properties in Detroit.

It's going to be a money soak and large loss because it seems like the principal wants to outsource eyes, ears, and skills and is willing to pay someone else to bring their own people which costs 2-4x as much as having some of your subs and eyes on the job.If I had other pressing business concerns, I would sell all of the properties in a portfolio sale, bank the money and repurpose it, and let someone else do it all.