Everything I've purchased personally, including a recent 4-unit purchased last month, has been heavily cashflow negative initially and it usually takes a good amount of work to get it to cashflow or break even within a relatively short period of time....6-12 month approximately.

If so, you can't really pivot to short-term rentals there and have to capitalize on the inn vibe and in-house services.My major question is why is the current owner, who bought it after it sat vacant for twenty years, looking to sell you the problem they can't fix?

A HELOC could help temporarily if you plan to payoff the balance quickly and are planning to save on monthly payments in the short term.  

I am thinking about selling the property as it is becoming more difficult for me to manage from a distance.

I personally have a few SF rentals but would love to get into more of the MF or even possibly short term vacation rentals someday.

Whether you’re new to investing, looking to expand your portfolio, or interested in starting your own short-term rental, I’d love to connect and share my insights.I’m here to keep learning and contributing to the community that’s helped me so much.

I have seen many people pass because in the short term the numbers don't pencil. 

Just make sure you account for Denver’s higher property taxes, insurance costs, and the ever changing landlord regulations when running your numbers.Feel free to ask more questions about the area or strategies—I’ve helped clients with similar goals and have personally done house hacks and short-term rentals around Boulder and Denver.

STR....I can only imagine the groups of individuals who will rent this house on a short term basis.

I was looking to BRRRR but I think that New Construction would be a good way to get my feet in long distance investing.