I try and eliminate carpet whenever possible but your PM probably has a point about the noise.

Eliminate the best and the worst to narrow down your results.Income - expenses - debt repayment - equity opportunity value = cash flow.Keep in mind a investment income property must be able to produce positive cash flow with a assumed zero equity (100% financing) otherwise it will never produce TRUE positive cash flow.

We've lived all over; and I actually started my RE investment journey in Fort Collins, CO.We're also interested in buy-and-hold properties for cash flow (whether short term or long term rentals), and the 1-3 year goal would be to buy an investment property in Durango that we could 1031 exchange into and owner occupy after renting it for 1+ year(s) to eliminate all the deferred taxes accrued from the 1031. whew, that was a mouthful :)Anyway, I'm not probably a great local resource for you, but if I could offer *you* coffee/lunch, I'd love to meet up and see how you've found the last year to be, your experiences, opinions, etc.

Thank you for the belly laughs!

One of the most important things with OOS is creating and incentivizing a team of boots on the ground--this is notoriously difficult to accomplish, but it's absolutely necessary for success.When comparing OOS properties to in-state house hacks, always remember to factor in the reduced (or eliminated) housing expense the house hack brings.

They are eliminating all “long term leases” except MTM. 

Charley, it is hard to eliminate risk.

If I did would I be able to put a lien on the property if by some small chance the project went belly up?

Living in a home, even if it's just the basement, eliminates a lot of "apartment neighbor drama". 

(banging my head against the wall- LOL)I’d personally eliminate both phoenix (seems to the epicenter of the housing bubble) and Memphis (don’t like investing in places with declining populations and limited appreciation potential.)