Louis is indeed block by block

Cash flow is hard to come by in the Boulder / Denver markets and although the extra monthly cash flow would be great, and there's plenty of places in Iowa that will cash flow, I'm wanting to scale quickly and feel Colorado would be a decent place for that. 

Yes we can use use by simply creating "classes" for each property, and categorize expenses.

I like that it's turn-key, cash-flowing, and I will not have to deal with tenants.

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

Yeah, we lost our Premier Partner as well but basically because lower booking numbers on VRBO and reviews not getting done by guests.I have never had to cancel a booking yet, knock on wood.

It’s free and offers great features for rent collection, which makes it perfect for managing a few units and scaling up as you grow.Before Cozy.co was bought out by Apartments.com, it was a good option, but now it has limited features, especially with billing and handling utility changes consistently.Venmo is another option, but for staying organized and efficient, Innago is definitely worth a look.Hope this helps!

Do you go to the meetups run by Leka Devatha? 

Hi @Tyler Warlow this can be best done by buying a split level home.

*Not affiliated with any courses mentioned and not written by AI.