Will call HACLA to verify all details 

You are spot on and this is the kind of detailed analysis we are looking into now! 

Your comments make me realize there is a detail I should have included--I am looking exclusively at vacant lots.

I think have a professionally designed, well located, modern, etc home would appeal to more people than trying to find the niche, but I could be wrong.

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

No one can answer that because there are no details, and we have no idea if you really know what an appreciating market is.

Would like to educate myself in more detail.

@Nathan Gesner To build on this conversation and break down the details for Bobby and others (and please correct me if I'm worn here Nathan), I’ve analyzed the numbers and realized that unless you purchase a property at a very low price and/or pay in cash, financing can significantly reduce your ROI.

When I look at the design it’s not very modern, it’s very plain.

You can find details on that one here: We meet on the last Thursday of every month from 6-9 PM at different locations around Longmont.