The interest rates will hurt you equally no matter the geographic market.

You may already know this but as a good rule of thumb if Property purchase price plus rehab is less than or equal to 70% of the After repaired value you are going to be a winner 9/10 times. 

Finding a solid property management team is crucial, especially when managing from out of state.Having everything you need under one roof can really make a difference.

Remember that not all money is created equal.

All things equal, it seems this should perform better since it has the extra bedroom and it's only a couple blocks away from Main St.What do you think about the STR and MTR market in downtown Littleton compared to other submarkets in Denver metro?

Hi JF, You can certainly sell one (1) relinquished property and acquire two (2) separate replacement properties as long as the total purchase amount is equal to or greater than the net sale price of your relinquished property. 

One house to another, with all else being equal, the rehab could be exactly the same and the purchase price as well as the exit value could be largely impacted by location/school ratings of that location. 

Equally Splitting the Bill: One straightforward approach could be to divide the total water bill evenly between the two units each month.

We spent an equal amount remodeling the main house and that included a new roof! 

You want the rents to be equal to or greater than the PITI(A).4.