I am laying out the framework for a property management LLC I want to start in the Denver area and I hoped some of you could share from your own experiences the things I should consider or shy away from.I am good at networking and I feel I could quite easily build a base of contractors and real estate agents to help me get my first tenants and services laid out; however, before I sign my first deal, I want to have every contingency planned for.I am working on purchasing a second home that I will occupy so that I can rent my first.

Once I have a framework, it seems like it would come down to discovering deals that fit within it and then applying the persistence / patience to keep putting offers in.

It may pay larger dividends to find yourself an interested investor that needs an assistant and do their grunt work - not just anybody, someone who´s actually successful and doing deals, but still, it´ll give you a structure and framework around which to build your education and experience.

@Brentcoombs from the pics I was shown, it was gutted and all the framework is new.

The MLS databases that these entities are provided get scrubbed a bit, (some information is removed) and then these entities can provide the database to consumers in their own framework.

I think diversifying into areas you have researched that make sense to you (trends, good downside protection especially since we may be later in the cycle here); thinking about geographic and sponsor diversification may set the framework. 

The lease with your landlord is the governing lease within the framework provided by the HA.  

Further strengthening the framework for outstanding partnerships.

If the property is not under an HOA then the city/county legal framework would be the most important legal concern.

They make money work for them.The middle class buy liabilities while the rich buy assets.The rich use other people’s time and money to make them rich.A lot of these ideas were reinforced for me when I was in my master’s degree program for social work and I read the book A Framework for Understanding Poverty.