FYI Multifamily I am talking about has all tenant spots filled, turn key. 

Its been 2 weeks and 3 more have been spotted.  

Corina is spot-on.

While Boulder specifically might be out of your range there are some other spots close enough to make it work.

I live in Auburn Alabama and the market here is pretty crazy so I have been looking at surrounding cities like Montgomery and Birmingham that are bigger and more affordable.I know that the typical down payment someone’s needs for commercial is 25% so short of me getting seller financing, or a partner, or some other creative finance path my purchase power leads me towards properties that are typically in lower income areas- at least for the ones I’ve spotted. (200K ish) I’ve listened to pretty much every podcast multiple times and often hear people saying that when they begin they focus more on cash flow and as they grow they look more towards appreciation opportunities.

@Nathan G. is spot on. 

It has a full kitchen, bath and bedroom but the ceiling is only about 6'4" and the beams bring it down to 6' in spots.

Honestly hadn't considered a fixer for some other reasons but we will look into the Ainsworth spot. 

@Noah EvansI am in the same spot as you looking to meet up and learn some new things.

Not a penny out of pocket and had all the rehab money in my hand.The only way to do those are with VERY GOOD DEALS or the property owners are in a bad spot and they NEED to get out of their house immediately.