People buying need to keep in mind the target audience a lot of young nurses in health care are not going to want to stay in the highest crime rate area of the city so pick carefully for the group you are targeting.

It is possible to qualify even with an out-of-state property manager, but your wife will need to stay actively involved in decisions and track her hours carefully to show material participation.I actually just sent you a guide that breaks down exactly what counts toward material participation and how to document it properly, it should help clear things up.

Be careful  out there.

If you just want to dabble to make some extra money and don't have the passion to go all in, it's a tough business keeping up with all of the regulatory changes and balancing keeping owners happy with taking care of tenants.   

Appraisals Don’t Care About Your Rehab BudgetNew investors think:“I put $60K into the rehab, so the appraiser should see the value.”Not really.Appraisers look at:Sold compsConditionLayoutLocationSquare footageBedroom countMarket demandThey don’t care whether you spent $20K or $120K.They care whether the finished product matches neighborhood values.If your scope of work doesn’t align with the area, your ARV is fantasy.6.

Someone with only $2,000 mo is going to have a very difficult time paying rent after they take care of their other expenses.

A properly installed radon mitigation system with post‑test results under typical safety thresholds doesn’t devalue a property; if anything, it reduces a future buyer’s objection by turning a health risk into a solved, documented feature.

You can totally tell if a business cares just based on their customer interactions, social media content, customer loyalty incentives, and their ability to pay for THEIR mistakes. 

And @Drew Sygit that doesn't necessarily make it a hobby just a decent human who is appreciative of tenants who have paid me thousands of dollars and taken good care of my properties. ;)  Hmmm, seems you didn't read the part, "Thank the tenant for communicating with you, but gently warn them you will have to send whatever eviction notice Colorado law allows.

It's missing some features that the other products have, but these are the three things I care about the most, so it's worth it to me.