There is a diversity of industry, and we continue to see a lot of coastal clients coming in that believe Denver is a relatively cheap place with amazing quality of life. 

You came to a good place to get a diverse group of usually good opinions.I agree with the people that say $2000/month loss is just too much to gamble on growth. 

Seems like solid cash flow and I like the fact that it’s the capitol with relatively stable and diverse jobs.

But what we don't have is any ethnic diversity.. the state is 94% Caucasian so pretty Vanilla up this way

I believe investment diversity is a good thing. 

You guys were SO right about the diversity of housing stock.. and that was just a few areas!  

I recommend finding a market that has the following: good employment trends (it should beat the national  unemployment rate)job diversity (no one industry makes up more than 40% of the economy - the lower the % the better) good supply and demand - check out the availability of homes compared to the # of people looking (it's called the Absorption rate) a good team that is experienced and you trust (probably the most important because the money is in the execution of the biz plan, not creating the biz plan) 

Employment growth, Corporate expansion, Job diversity and wage growth will be several factors that will impact the direction of rents.  

IMO for or someone like @Michael Blitshtein overseas this is a much more reasonable method to deploy his available 30 K across  5 or 6 diverse investments and reduce his risk and management headache vastly as compared to one 30K D grade property.

If you rely entirely on rental income for your income, you should have enough properties & diversity that the loss of income from one location will not bankrupt you or force you into making a bad financial decision to recover/replace the income, and enough cash reserves to weather any local downturns.