I would probably need a hard money loan, not sure what carrying costs would look like.

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.

Sometimes the homes we buy to live in don't become the best rentals and your money can be used better on a different asset, especially in Denver. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Quick question to the Tax pros out there.  

Tax Implications: Make sure you're aware of the tax implications for foreign investors.

Remember that we are in this to make money.

Have you considered investing in any of the Texas markets, or are high insurance and property tax costs a non-starter for you?

It's a waste of money.

I have done a few flips and used hard money and local banks.