This is from ABB and HA.

Boulder is in the Denver MSA but Colorado Springs, Pueblo and Fort Collins are considered separate from DenverHope this is helpful.

I am not familiar with this exact DPA program.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

There are many ways to go about this, but one of the cheapest is to look on Google maps for buildings that look like 4-plexes.

This isn't a recommendation or a vouch, this is just my opinion.

I have some cash, but likely not enough to fund a purchase without bank financing, and especially not when factoring extensive rehab costs into the equation (may need to up my knowledge on creative financing to bridge this).

We would take this house in return for a 500k property that is NNN leased.  

Id heard this recently and wanted some clarification. 

We have done this multiple times as long as both properties are rentals it shouldn't be no problem.