Would you do it (Denver area)

[Jake Holmes]

So one of my old co-workers is selling her condo, Its 3 be 3 bath 1100+ SqFt. Its off of Illiaff (c to d area) Shes willing to sell it to me for 70k, It has almost been completly remoddled (1 bat kitchen and some other things) and will need about 10 to finish it up. The ARV would only be about 80k or so. Im looking at this as a buy and hold property. From my understanding, Condos in this complex are going for 12 00-1500 per mo including the 400 a month HOA fees (that covers all utilities and basic cable). was thinking I could move in and live in while I fix it. It would shave about an hr off my drive time and if I rent it for 1200 I would be looking at a positive flow of about 400 pr mo