Would you say that holds true in this space, or is there a way to keep the discussion on the level of cap rate discounts and/or rehab costs with a multiplier (1.5x or 2x?)

I finance my flips with a hard money lender that specializes in the rehab fix and flip space exclusively.  

For me personally it is 3 minutes to Red Rocks Open Space, 5 minutes to Garden of the Gods, walking distance to Bear Creek Park, and 15 minutes to all the other major trails.

So if I converted my garage to a living space, I would have to build another designated garage/carport.

I wouldn't market it as a 1 bed, since you have 2 fully functioning bedroomss, but price it as a one bed to make up for the small living spaces and you should be able to fill it.

I did look into this.My understanding which may not be correct is that you have to occupy at least 50% percent of the space as your business.As for selling off the business after you have bough the property but keep the building that is interesting.I guess it would all depend on what loan covenants exist in the SBA loan documents you sign at closing. 

.) - There's an unfinished second floor that is currently considered "attic" space.

I would speak to the Sewage Enforcement Officer to determine if the drain field needs to be moved and if there is space for an alternate location and if the new location would pass a perc test. 

Small park 22 spaces (16 owner occupied-3 park owned-3 vacant lots) with a 30 space mini storage also. $415k asking price. 

I mean the space is crazy!