That being said, it does sound like you found yourself a classic, overpriced park.

@Sheldon SantosProperty management and construction are great (I love to get my hands dirty and actually “work hard occasionally “) but take a look at classic get your license real estate too, a lot more money on that side for a hustler.

Depending on your financial situation, the level of rehab needed in Fishtown/Northern Liberties is significantly higher in both price and quality opposed to the other areas.In terms of ARV numbers a classic 2 story 3/1 in fishtown thats fully rehabbed should easily fetch 425k, while in Brewerytown your ARV for the same 3/1 could range from 240-325k depending on the specific location within Brewerytown.If you have any more question feel free to reach out.Dan Powers - Real Estate Agent

I'm glad to see we're keeping the classics alive.I kid.

So moving to more units or bigger is a classic 1031 strategy.You actually had another bonus that you'll get to take advantage of. 

Meaning in the future it can be redeveloped into the classic Denver duplex new-build that we are seeing so much of today (or an ADU in the back).

I assume (and hope) you have conducted w/ an att. and who knows entities and taxation as this is a classical case for it. 

.: On a tour, general condition of classic and any upgraded units, get a ball park of amenities, condition of the grounds, buildings, what cars are parked in the lot, what the dumpster situation looks like, i.e. is it overflowing or stays clean, is there furniture sitting around.  

It's your classic case of supply and demand.

-He's going to be renting out a room to a friend for $1,000-$1,200/month-Will be living in Washington DC for $1,350-$1,500/month while building equityThis is the classic example of using primary residence financing with low money down, house hacking, and then having a cash flowing rental in the future.