Do you think that people are holding on to what they have out there or that there is just a shortage and the only thing on the market right now is undesirable stuff?

Unless the property is in an undesirable area, it should not take you long to find a good tenant.

But follow and find when the city approves mid/higher-end mixed use commercial builds in otherwise undesirable neighborhoods!

How much time, energy, fuel/mileage (this is huge if you live in city with bad traffic/commutes and the property isn't nearby), resources are you going to spend to try to get an undesireable property to sell quickly?

Do people have any experience renting out several rooms in the same place to traveling nurses/professionals and find out that it is undesirable? 

Or do you do the undesirable things yourself?

These are undesirable tenants!!!

Without razor sharp local knowledge, I'd be concerned you'd eat the capital gains or settle for a sub par asset if you're going the 1031 route. 10 cap properties are out there though possibly in less desirable peripheral markets, and likely requiring you/ a carefully chosen team to be local for some time to stabilize and put management in place.

David, to your point: Yes, I considered changing the Operating Agreement to 51/49, but the danger there creates too many what-if scenarios that make it undesirable.  

And so on depending on how desirable / undesirable the area is.So my question is, for anyone in Denver using this method, what % rate are you using?