It is objectively not a good time to acquire Class A multifamily assets.

This strengthens your personal credit profile and gives you greater borrowing power to build your business, acquire properties, etc.What you propose does not do that.Food for thought...

I started last year and now I have acquired tow duplexes with two apartment buildings under contract.

The tenant has lived there for almost 25 years, even before I acquired the property.

I was looking into acquiring rent ready properties at 70% at its market value.

HI Guenevere, You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

The market is full of garbage numbers and there is no shortage of newbies willing to acquire them.

Best of luck to you moving forward and I am certain you will do great with this property as well any other future ones you acquire. 

However, keeping the property and borrowing against the equity (via a cash-out refi or HELOC) allows you to maintain your tenant and rental income while leveraging the equity to expand.Key considerations:1031 Exchange: Great for avoiding capital gains taxes, but make sure the new property offers better returns or diversification to justify selling.Borrowing Against Equity: Keep the steady Denver appreciation and tenant while using the funds to acquire another property.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.