Increased demand for housing, both rental and ownership, can really open up some interesting investment opportunities.

Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.

Do you expect it to turn around, and/or is there anything you can do to help increase revenue? 

So we don't allow month-to-month up front but upon renewal, will allow month-to-month but at an increased rate. 

Demand for housing and rental has increased significantly.

Hello @Kenji Tominaga,Agreed with @Chris Seveney regarding having the owner offer cash for keys.Since there aren't many options on the market that can compare to the deal you have in place, I'd recommend waiting it out (if possible).Chances are, the value of the subject property will continue to increase while you wait for the tenant issue to be resolved.

Be a sponge and engage where you see fit. 

I hope this will only increase my amount of knowledge and networking.

SO this upcoming July we renegotiate the rent and will be increasing it.

I was in a similar situation when I first started ( mortgage was a large chunk of my salary) Thankfully I had friends that I was able to rent to that basically paid my mortgage and eventually my income increased enough where it was not an issue.what area of Denver are you looking at?