Hey @Logan Barwick, I personally like option 1, but this depends on what your strategy is to grow your real estate portfolio.

There are some strategies to make the numbers work in Denver, but in general, you are correct that prices make it challenging, if not impossible to make the numbers work.

The BRRR is a great strategy, but you will have to search hard to find a distressed duplex that you’re able to force appreciation on in this neck of the woods.

Short term, leaving financing in place during rehab prior to resale — great strategy with limited risk to either party. 

Leveraging equity does involve some risk, so it's important to have a sound strategy to avoid overextending yourself.

But presuming you are talking about doing the above, this is a high risk strategy.

Like a calculator to simulate this strategy (https://www.biggerpockets.com/forums/61/topics/795487-retire...), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc.

Do you have an idea of your strategy for getting started?

.🔑 What I Offer:Access to off-market and underpriced propertiesExperience working closely with buyers to maximize ROIA deep understanding of the local market trendsTools and strategies to analyze deals quickly and effectively🤝 Who I’d Love to Connect With:Investors seeking their next projectWholesalers, contractors, and property managersAnyone looking to build meaningful, win-win relationships in real estate🎯 My Goal:I’m actively looking to expand my network and help others succeed.

Good luck with the wholesaling strategy.