In 2021 there were two competing ballot measures that the citizens of Denver voted on - one measure from open-space advocates that would "keep status quo" and continue to prevent WIP from developing this parcel, the second measure sponsored by the WIP themselves that would exempt the property from the current zoning restrictions. 

I expect I will make mistakes in this deal so it is a nice small one which will keep my mistakes small as well!

Hey @Brett Riemensnider,A HELOC could be a smart move if you want to tap into your home's equity while keeping it.

If you have time keep researching & adjusting yourself, if not try a dynamic pricing tool.

i'm looking for my next BRRRR and keep getting outbid. 

If you’re not occupying the property and plan to either sell it or keep it as a rental, you might want to consider a bridge loan through a hard money lender.

(If not, then you should, IMHO)We're all in sales ultimately, and keeping potential business associates on a marketing list is our lifeline.Also, if you were "politely told" that it's not a great fit - how is this a problem? 

Appreciation, in particular, is crucial, while cash flow acts as the fuel to keep the property sustainable.Your Scenario with 2% Home AppreciationHere’s how the deal looks using your assumptions:Year 1 Analysis Cash Flow: -$1,123 Initial Equity: $51,000 (assuming a $249k purchase on a $300k market value as per your report).

You would need to contribute out of pocket each month to keep the investment afloat.

Always keep in mind that you won't blink to pay $2,000 for a new tires on your SUV.