Not to sound like a broken record but the pictures do not make the house look very good.

Good luck finding a place like this as there is very high demand in Denver.Once you find a location with the correct zoning, if that's the industry you want to target, you're going to have to upgrade electrical to the warehouse.  

It is a 24 unit apartment complex that is broken up into a 12 Plex, 8 Plex and a 4 Plex.

Just ask our last time share presenter. 3hrs later I had a free cruise package (upgraded the package at my choice/cost to a nicer room), $25 gas card, two nights in a Marriott, $100 restaurant gift card, and two tickets the comedy club. 

Florida courts have held that a lease with option, when broken, must go through the foreclosure process rather than eviction to get someone out.

but for the net worth part, buy hold is the answer :)my 2 centsinstead of flip, you have passive income ;) and equity.to flip to $1M, means u have to keep upgrading to 1 $1M house in your model. and have flipped enough to make $ to live on. you are living in your net worth.if you leave a trail of homes, 20k, 50k 100k, 200k....with passive income your net worth at $1M is accumulated with assets and income. monthly cash flow, while u live in you mansion ;)

FYI, roof leak, a couple of broken windows, partially collapsing porch, open foundation and damaged steps.

Agent is offering us one of the spec homes that they opened the neighborhood with for 49k less then "list", offering 15k closing, bunch of small upgrades and a 60" TV.

Upgraded to LED lighting.

BTW, if they own the house - they would pay for these broken windows and other damages