Yes, before any major decision involving construction would be made, a very sharp pencil would indeed be needed.And thank you for that data point on the Denver MLS.  

I received this info from @Nathan Sharp when I first started.https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/ (House hacking)https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing)https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Duplex investing)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarhttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

He is pretty sharp and has real estate experience.  

so those thinking this is a way to make money better be darn sharp to compete I suspect this will go nationwide.. and of course these companies are licensed brokerages so they don't do what most wholesalers do and that's sell real estate without a license so no legal ramifications for them.. 

If the former is your goal, a larger down makes that smaller portfolio cash flow more and get paid down rapidly...Also important, check if the town home your wife loves fits into your plan of making it a rental property (for tenants that may or may not show it the same affection)..One downside of the rental to home transition....the tenants can scratch that railing you enjoyed or drop a sharp object on those floors you adored....Best of luck!

At some point, demand decreases or stagnates at the same time supply increases, resulting in a sharp drop in prices—and the bubble bursts." 

I manage a rental on Mountain View just down the street.The house looks sharp in the photo's, are they current?

Quote from @Harrison Sharp: 1.

You seem like a sharp, motivated guy and it's great to have you on the site!

Elliott is very sharp, and I love to deal with people like him.