Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

I have a client in Kansas City, MO that had to make the EXACT same decision a couple of years ago.

Thank you Andrew, great examples, I have joined a couple of Fb groups but I think I will look at Meetup also, I appreciate your help

My firm has several lenders who can seamlessly close in 15 days on 'traditional' mortgages at/below market rates and we've been doing so for a couple of years now. 

This is the second post about Delta in a couple days I've seen.

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

Might be able to connect you with a couple great wholesalers in Denver.

I have been able to find a couple of options for this setup though, they just require separate leases for each room and sometimes 2-3 months of rental receipts as well. 

I don't want to get into specifics but we passed on the property for a couple of reasons you mentioned.

Some owners are willing to miss out on thousands of dollars just for a chance at a couple extra hundred dollars.