@Michael Plaks do you have any thoughts on the LIMITED liability aspects of an LLC versus a corp?

CO law states the property has to be remediated before sale, so I'm not sure how you will handle that aspect of it.

The house next door that sold for 225 or 325 won't carry the same intrinsic aspects of value.Often, it's boots on the ground that you need and ones you can trust. 

One huge aspect of analyzing a deal is to make sure you know what market rents are for the area, if not street, you are buying the building in.How do you go about comping your rents and using them for input in your deal analysis?

Be strategic of course.Beyond that consider transportation, power, financing, broadcasting, health and fitness, land use, hospitality, advertising, and storage ideas.

I feel that if you have strategically rehabbed the majority of the inside, you can viably advertise it for rent (placing it into service) and then continue rehabbing the outside.

Just wondering whether there could be any strategic benefit  to not taking the depreciation deductions in this manner?

It is a good community to network and learn about all aspects of real-estate investing.

One disadvantage I see is that it may limit my ability to sell the property to an owner occupant if I have a tenant in place so I can understand that aspect, if I am thinking about this correctly.

I would then created addenda that would go into specific details of the various aspects of your operations.