That's why Class A properties, have a lower cash flow/yield than Class D properties.

I’m obvi biased, but Denver is a very friendly sunny city with world class skiing, mountain biking, hiking, etc.

If they really are, you should ask for copies of city permits and proof passed inspection.Fitzgerald-Marygrove Neighborhood average property value is only $87,549, making it a Class C-Minus Neighborhood (in our opinion).

We talking rough area or working class? 

For me, I've found that as I hone in on a location and an asset class, everything gets easier. 

@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I had a duplex in Hilltop that was doing well for me and sold it 2 years later to do my first 1031 into a Hilliard duplex because it was part of my investment strategy (invest in C class with a 2-5 year exit strategy and 1031 into a better asset class).

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

That could be market knowledge, ability to rehab a property - something that can give you an edge over other experienced RE professionals in the market and asset class you are working in. 

For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.