In a rather liberal court, I understand that there has been success, if you were to bring such claims in my county, the judge will laugh at you, I'm sure!

Obama is a liberal lawyer, not a businessman.

Maybe they would be fiscally conservative but socially liberal.

Even my more liberal criteria of 40% expenses and no immediate cash flow gives a max price of $99K, right where you are.

Heck, I'd donate to him if it meant diluting the liberal base.Tim

Liberal mecca of CO.

Just remember we live in a liberal state, we have too many laws protecting tenants.

That is just not the reality and if you choose to ignore the other expenses, they will bite you smack in the face once you own it and then the reality will set in that you overpayed.Using the most liberal operating expense ratio possible (37%), your annual NOI is $128,520 and at a 10 cap, makes your best offer $1.285 million (which I would not pay that much personally as I believe you would be overpaying)

It does raise a red flag being on the market that long but if you can get it at a very very low price and your risk level can be greatly reduced and if you use very conservative numbers on rent and and very liberal numbers for repairs and vacancy then I would consider moving forward.

The shortage of apartments is do to liberal laws and regulations.