Unfortunately, we are late in the cycle and the multifamily property types you're pursuing (not just in Denver but in other desirable markets and undesirable ones too) have lots of competition for buyers, often unsavvy ones who are not carefully underwriting their deals and as a result driving up the price per door or family offices/UHNWIs with patient money that can afford to buy at lower short term yields than you or your investors may be willing to tolerate.As investors, we all must proceed cautiously at such elevated pricing:Investment performance relies on strong rent growth and continued low cap rates at refinance or sale.Demand has pushed prices for riskier properties with less upside to unsustainably high levels. 

With the rocky mountains and elevation of the state in general, all the water flows away from and out of the state.

A large elevation change can take a fence on one side of the property to be 6 feet while depending on significant grade change can look like a 10 foot fence to the neighbor.  

Finally, I will note that we have followed the sale status of building with an elevated level of interest.

Leadville is something like 11,000 ft in elevation.

Towers come with own set of rules and regulations for fire, compliance, central mechanical, elevators, roofs, accessory rooms/office, and model units- this has been amazing experience working on building new efficiencies, implementing CAPEX with large NOI drivers - VeryExciting to have walked the gauntlet on the tower apartment versus garden-style - Truly expanded knowledge and experience.

Towers come with own set of rules and regulations for fire, compliance, central mechanical, elevators, roofs, accessory rooms/office, and model units- this has been an amazing experience working on building new efficiencies, implementing CAPEX with large NOI drivers - VeryExciting to have walked the gauntlet on the tower apartment versus garden-style - Truly expanded knowledge and experience.

Create a rock solid elevator pitch.

Apparently, this "fee" is charged to hang a padded blanket in the elevator to prevent potential damage from furniture, etc?

This has to be among the highest elevations in the area and densely populated.