Denver definitely is a commuting city, but the surrounding areas also have their own business hubs so lots of them are a good bet.

As a buyer, I’m usually willing to pay a bit more for the property in exchange for favorable terms—like a low interest rate, often between 0-3%.

I bet they are getting a barrage of leads right now with many motivated sellers looking to sell their homes to anyone.

You could also refi the property with an 80% LTV, take less funds but have more stabilityGino Hey Gino,If I were to get rid of the duplex, I think I would go with a 1031 exchange but to my understanding, since I live in one apartment, I don't think I qualify for one. 

After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?

Unless you do a 1031 exchange you’ll owe about 15% of the gain and 25% of the depreciation to the federal government.

If you do exchange messages with the tenant there may also be other documentation to back this up for example a message from your tenant saying something like "Since I'm the only tenant its a little harder now, but I will have the rest of the rent on Friday".

Luckily these two individuals, separate states and realtor companies, had everything working and running smoothly including my title and exchange company.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

He could do an exchange in to a NNN lease, but if that’s not his field of expertise expect a lower income with his deuces work.