As services are reduced, this leads to increased crime rates and lower-quality schools, which in turn causes more people to leave.What are the requirements for a city to attract new employers?

I will lever it lightly with assumable debt, or not at all, and keep this conservatism going until cap rates are ~100bps above interest rates on property of reasonable quality and nearby where I live and operate my business.If that happens next year, I’ll cash out refi to a moderate debt level and buy!

For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom.

They do build a solid and quality product.

Your risk here is- tenant quality: who is guaranteeing each lease?  

(At least easily) with any taxes outstanding.

This is all really great feedback, Sounds like its all about the right deal and quality team.  

Rehab/remodel and selling is usually a decent exit strategy in Colorado, where good/quality inventory is always low. 

Even then some things don't always fit and you have to come up with a work around.Hire a separate landscaper to finish it all up for better curb appeal**all in all was very happy with outcome & quality** Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Quality over quantity.