Any less than this, and I worry they will "Side-Hustle" because the income isn't enough to appease the ambitions of the aggressive, high ego personalities that are drawn to GP work and Syndications.

Knowing the Fort Collins market and it's price points a little bit, it doesn't sound like you're capitalized quite enough to get started flipping, especially when factoring in risk (properties in the $300-400k range will be high risk, not good locations).

Highly unlikely except in a probate or estate type of scenario.

Also, does this market typically see a high occupancy rate?

Vacant will be the best option unless you have a good high paying tenant on one side that you can show is adding value. 

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

Often, these numbers sound incredibly high relative to the loan amount.

Debt service on this is $2308/mo which seems really high.

Rates are high now, but if they go down, more buyers will enter the market and drive prices back up.

Hi Bracken,I would highly recommend reading David Greene's Long Distance Real-Estate Investing if you havent done so.