Are they all from smaller builders or one of the larger reginal builders? 

@Dave Bobka @Justin Arnold So, if an investor is looking for a larger, family style home for a Section 8 tenant that is dependent upon public transit, this would be a great property, wouldn't it?

been working to wrap my head around depreciation and I have had a puzzle I am still sorting just because I refinanced last year.

If you want to be truly passive while living abroad you could consider a DST transfer or syndication where you transition your properties to professional management and get paid as a limited partner and not have to worry about any sort of property management takes.

Just trying to sort out an assumption so I can plug it into the model I build and calc post-construction LTV and sale assumptions.

An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs. 

All fair questions and yes, there are far too many variables to say with any sort of certainty.

Do you mean message you if we want to join some sort of class action lawsuit against them? 

There is not the appreciation of the larger cities, acquisition costs are much lower, not difficult to find carpenters to do work, cash flow is over 1%, minimum regulations, and good tenants are available.

This will get you 90% of the way there and should be sufficient.It works the same in a saturated area, it's just more to sort through.You are aware that STRs in Denver are allowed only in certain zones and you must live onsite?