I just realised that a residential developer purchased about 20 acres right across the street from where those lots are.

My thoughts are it wouldn't be a bad idea to have a property manager taking care of one of my units, then as the deals develop (and they prove themselves) give them more opportunity.

While there may be some policy issues worth debating surrounding incentivizing affordable housing development, and L&I is a total nightmare, these are two completely separate things.

Hello BP Community, I'm a full time investor in Colorado Springs with a small portfolio of residential properties on the passive side and a land & development business on the active side. 

They also have a great website and sample forms.You can buy the Landlord Package from Biggerpockets ($100 or upgrade to a Pro account and it's included) and that will give you the lease and some other handy forms that were developed by actual investors and vetted by state attorneys.As for the tenants, I recommend raising the rent with 30 - 60 days notice.

At your age and being new to the industry, keep yourself open to doing any and every task that needs help with in exchange for the opportunity to shadow more experienced agents and learn from them.

I believe that having an out-of-state rental property is a great (if not the best) learning lesson for all because it forces you to find a team of people to do the small tasks involved in real estate.

I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).

I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).

I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).