Its amazing how each area is so different. 

Don't want to wood since it is so expensive.

There is so much out there, so I would appreciate feedback from a fellow BP member.Thanks in advance!

The property is priced 30-40k less than what it could be and is being sold “as-is” so that tells us that it needs some renovations done.

Because Denver is so competitive, it's easy for buyers to get stage fright when it comes time to sign for the biggest purchase of your life.

And if that is so, why are you even asking, just go get a Sec 8 tenant?

@Daryl ByerlyWhether you should have an entity taxes as an S-corp or not depends on several factors such as the type of income that you will generate and the amount.The reason companies set up an S-corp is so that they can limit the amount of self-employment taxes that they are required to pay.

Then again, I don't understand why people pay money for sliced cheese when a block of Tillamook medium cheddar is so much better.

You can rinse and repeat with this strategy over and over again which is why it is so great.

Like I said, this will be my first property, so ideally I'd like to build a relationship with whoever it is so they can help me on future properties as well.