I've done several flips in Burlington with some great margins.

I think it's important to note that newer sponsors can promise the moon on marginal or bad deals. 

At this point with only 6 months left to wait, increasing interest rates, as well as higher debt load from remodel, it may benefit over the long term mathematically with the secured lower rate, because the margins in Denver are tough.

When you buy, make sure it cashflows and that there is plenty of margin for error.

The market could take a dip or rentals could be over-built, causing prices to drop or units to sit vacant.Based on what you've shown us, and assuming you put everything in correctly and completely, I think this is a bad deal because you're operating on thin margins.

Having a solid foundation is key, adding significant value to every deal allows you to grow,  I would say with your $50K go out and do a rehab and make $30K on a flip so you can add $20K to your $50K  ($10K set aside for taxes) do it a few times so you have a great launching pad and rehab experience for the rentals. dont buy turn key rentals, always buy below value, and push the equity with a rehab, and right now in the market cycle, only buy great deals, marginal deals will burn you when this market changes.

I've positioned myself defensively and offensively with diversified streams of investment incomes with hopefully enough margin of safety to weather the next crisis whatever the cause.

We won't realize the margin that someone completing the entire process will, from finding the deal to finally flipping or renting.

There's absolutely no reason to buy a $130-150k condo in a marginally better area, as the rents likely wont increase proportionally and there's essentially no difference in quality of tenants..   

@Amul Sutaria, with acquisition and selling costs, the margin seems way too slim, if any.eg.