PITI of $2400, on property that rents for $2500 is a dangerous investment unless you factored in expenses.

@Rashad EllisI would get to reading a few more things about how to investigate values and hidden dangers first.

I am an attorney, but this does not constitute legal advice - you are dangerously close to potential criminal activity in this deal.

It was dangerous.  

Shawn:If you are renting by the room, lenders will be disposed to see it as a rooming house (whether it is zoned as such or not) - particularly if the appraiser finds distinct evidence (i.e. locks on all bedrooms). 

@Bellman Tumasang very dangerous area, SEC laws now come into play, I would never touch it, why bother 

I don't understand the distinction between a showing agent and an agent when you passed the same test.

My real passion is to get out of the corporate world and I can’t see myself doing this for a long time, which puts me in a dangerous spot at my current job.

I don't even hear the nicknames "Methmont" or "Stabmont" being used much anymore ;) Not to be a stickler but I wouldn't really call it "outside Denver" as it's 45 minutes away and a distinct town from the metro, not a true burb like Arvada, Westminster, Lakewood, Littleton, Centennial, Highlands Ranch, Aurora, Greenwood Village, Commerce City, Northglenn, Englewood, Glendale, Thornton etc.etc.etc....

Nothing is more dangerous to himself than a new investor sitting on cash.