Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

This building just sold but here is an example.https://www.realtor.ca/real-estate/27286973/1915-portage-ave... 

It's been a very, very bumpy road to be under contract - and past the due dilligence period - on a new build we are purchasing with the intent to use it as a STR (and some personal use).

Next up, Wells Fargo is a solid option for building a relationship with a bank that doesn’t treat you like a number.

That is an easy list to build and a much better and safer option than more creative like Sub To.

The building was vacant as we are remodeling the first floor and had just finished painting the 2nd and 3rd floors and were in the process of qualifying tenants to move in the following week. 

Inspections are typically done by licensed professionals like structural engineers, architects, or certified building inspectors.

@Sara Donohue I don't recommend buying land if there's not an actionable plan whereby the buyer can build.

@Christopher Mooney - I house-hack a 2 Unit Building in Bayridge Brooklyn which is a 45 minute subway ride to Manhattan Wall Street Financial District (a 7 mile drive).

Good luck—Denver’s a great market to start building your portfolio!