While the fees are a little tough to stomach, as long as the end game outweighs the cost, I hope you will be okay on this one!

Great question - goal is to eventually rent out both units to total $3400/mo - it would be closer to $2000/mo for the one unit until repairs are done and my lender is ok with it no longer being my primary residence. 

We can make exceptions with worse credit and slightly below perfect income but under no circumstances do we allow anybody rent one of our properties with a below 500 credit score, or 2x rent income or prior evictions. 

@Jaycee Greene would there be a difference one way or another with this use?

The ones that read like an advertising piece go nowhere. 

It's one of the last few "affordable" areas near downtown Denver.Are you buying as a primary residence, looking to house-hack with the studio out back? 

But of the options you note, the only one that really makes sense to me is the CoC option. 

Congratulations to myself on this one.Unto the next one!

While I know that return goals are different for each investor and their specific goals, it seems that a bad or low-performing deal for one person might be what another investor is looking for. 

I'm assuming you have one lease covering both tenants and not individual leases.