Building with a small, local builder at around $115/sq foot (mid to high end) and using auctions for many of the materials enable me to have instant equity for this opportunity.  

Hi Denver team - I'm an operator of a tech-enabled rental marketing platform called Zumper Select. 

What investment will you make that will at least earn you back your $165k after 1 or 2 years, AND enable you to make those payments every month?

It would show a payment history and ownership rights so should enable him to refinance it with out a downpayment providing the equity is there - correct?  

My background has enabled me to quickly spot and accurately determine the associated costs for improving or rehabbing a property as well as properly planning & executing my exit strategies.

This enabled you to convert this unit while the tenant was still in place!  

If so, this would pretty much enable me to stay local and take a shot at my first property rather than resorting to other places.

We currently use a google spreadsheet that pulls in MLS info and Zillow info automatically and it auto-populates ARV using 90% of the Zestimate (I know...yuck...but it's at least a quick and dirty number that enables us to know if we want to dig deeper).  

All on Sub2, or is your angel investor enabling you to do cash purchases?

Also regular inspections will enable you to spot any maintenance issues.