It's a desert and cars/bicycles literally melt on the streets lol)I think you are thinking about it well, especially looking at a long term approach, in a city like Denver that has good population growth, rent growth, average income, and vacancy rate like you mentioned is a still a great play if you are satisfied with just breaking even for a while, and seeing future profits/appreciation. 

.)* I live in a desert (high desert) so we don't have excessive storms. 

Getting an inspector and an appraiser in Jul/Aug of 2020 was like finding water in the desert, despite the fact it's a small market and everyone knows everyone.

When I saw a call coming in from a number I didn’t know, I would go take a “bathroom break” and find a deserted corner of the office.

Thats orgin of this ideaFor what its worth, I am heir (one of many) to 10 may be 100,000 acres (it was in the 1950's; paid to our family to satisfy a debt) deep in the desert of west texas but nobody, no county clerk, no apprisal district can find the records??