Lot's of small business owners for micro space but they often go out of business so you have constant churning of the space versus maybe a larger more stable business tenant for long term lease and constant cash flow.No legal advice given.

As you can imagine, I am looking to start my real estate investment career in a different market since Denver, CO isn't known for its ability to churn out countless rental properties that produce positive cash flow.

So you have to be either looking for high cash flow while higher babysitting temporary residents and higher turnover (because tenants just don't respect your property if they don't consider it their real "home") I'm attracted to the idea of getting something in need of repairs, fix it, rent it, and sit on it for a while, meanwhile churning all profits back into, then get payday when I sell it on the retail market (I'm also a Realtor).

That said, long-term rents remain solid across the state due to restrictive rural/agricultural zoning, a substantial lack of new housing supply, and the added cost of transporting building materials 2,500 miles from the mainland.Only other thing I will say is that if your plan is to do long-term rentals, expect a lot of tenant churn.

It’s not without its challenges however and higher turnover (often from residents not getting along) is probably the biggest risk, so you’re on the right track by budgeting for higher than average vacancy/increased “churn” (more turnover).

For the bigger names though, training dollars (many charge you for the "next level" training) and churning new agents makes up a good chunk of their profits.

I have done the same thing on duplexes and a quadplex, but my 16 unit apartment was already in decent shape and fixing up 100 units and surviving the tenant churn until the property is stabilised is daunting. 

It does not provide a whole lot of cash return in the short term.But if your goal is to buy off-market properties for below market value, rehab them, raise rents, increase the property value, and flip them after a year or so, then you would do better to find money partners now so you can start getting those deals and churning that money.  

This sounds like a lot of churning and extra expenses and paperwork for a relatively small benefit.

Expect to churn through a bunch of deals before you find the right one and don't fall in love until it's your property.