The housing market in Denver appears to have sky-rocketed so the people that seem to be do really well are those that have owned rentals for many years and have seen their rents just go up and up.

I was pre-approved for $390k from Quicken Loans/ Rocket Mortgage, but after they reviewed all my finances they were only able to approve me for $290k (I have self-employment income that wasn't able to be counted as income, but it will be for CY18, which should means I should be approved for $350-380k). 

I was pre-approved for $390k from Quicken Loans/ Rocket Mortgage, but after they reviewed all my finances they were only able to approve me for $290k (I have self-employment income that wasn't able to be counted as income, but it will be for CY18, which should means I should be approved for $350-380k).

Real estate is not rocket science, its the number one way for the average guy to get rich.But if by lender you really mean private money lender well then you're going to have to be lucky. 

Like most things it isn't rocket science but you need to know what your doing.

I'll add that when I represent a seller, I will vet the lender before accepting an offer.Many lenders (Quicken / Rocket mortgage are prime examples) will give out a "pre-approval" letter without having done anything more than run a credit report and asked the borrower a bunch of questions.Until the lender has reviewed bank statements, W2s, tax returns and pay stubs, that pre-approval isn't worth the paper it's printed on. 

You also have to know landord/tenant law, which is not a rocket science.

It’s not rocket science.

However, when looking at the lay out I have contemplated turning this 8 unit property into a Triplex, increasing not only the cash flow slightly but sky rocketing the equity.

The remedy cost sky rockets and I really don’t want to go to small claims court to get money that I may never see anyways.