Oh very interesting, I'll have to check the planning commission meeting notes because this was a hot topic in Denver the last few years so if it was discussed there on public record I'm surprised it wasn't in the news at all before!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $179,000

Cash invested: $25,000

Sale price: $500,000

Replaced windows, remodeled kitchen and bathroom, replaced...

A detailed financial analysis and property inspection will help uncover any surprises. 

Unfortunately, based on my experience, I'd be surprised if this is a legitimate opportunity for investment... more likely it is a means by which Eric and his team gets rid of properties they no longer want.

I’d be surprised if you needed an attorney assuming if your rental is in Texas. 

It was a fantastic surprise because it's not what projected was, it was perfect case scenarios. 

However, if you have the time and prefer to source properties on your own, I would highly recommend the following strategies:Connect with probate attorneysVisit property auctions: These happen monthly and, surprisingly, aren’t saturated with investors.Cold callingTarget LLC owned properties: Over the years we have seen an influx of companies purchasing SF for rentals/long-term holds and they failed to account for property taxes and an increase in new construction coming to the market.

If the numbers don't work with it then don't force it and don't rush it.Always ask for full or partial owner financing the answer will sometimes surprise you.We just bought a property with 5k down and owner financing the rest at zero percent.

We run calculators on what you can expect for expenses beyond your mortgage, I don’t like surprises.

The more transparent and detailed the documents, the fewer surprises on both sides.