Buying places at 4-4.5% compared to 8-8.5% equals $450+ a month in cashflow - $5400/year.

All things equal, it seems this should perform better since it has the extra bedroom and it's only a couple blocks away from Main St.What do you think about the STR and MTR market in downtown Littleton compared to other submarkets in Denver metro?

Hi JF, You can certainly sell one (1) relinquished property and acquire two (2) separate replacement properties as long as the total purchase amount is equal to or greater than the net sale price of your relinquished property. 

One house to another, with all else being equal, the rehab could be exactly the same and the purchase price as well as the exit value could be largely impacted by location/school ratings of that location. 

Equally Splitting the Bill: One straightforward approach could be to divide the total water bill evenly between the two units each month.

We spent an equal amount remodeling the main house and that included a new roof! 

You want the rents to be equal to or greater than the PITI(A).4.

A warning however is that all HMLs are not created equal and if you find one that wants money upfront and promised to fund any deal, hang up and keep looking . . . you will see a number of newbies get scammed in this area.Good luck and feel free to reach out with any questions

All you said is true, but, this "hard market" and in some ways it is really hard, lends some opportunity that is of equal force. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.