I bought the ugly kid on the block.

I'll leave it at that. 4 bed, 1 bath, 1450 sqft, built 1955, new main sewer line in 2015, end of cul-de-sac that leads to school park, 1 block from future 72nd ave N-line light rail station (completed 2018). 

Under a warranty deed, if it turns out that the property is not what the seller promised or there's an uncleared lien or other block to the title, the buyer can sue the seller and recover damages.

I know that 5 bedroom down the block is renting for $2200 a month but let’s be honest here.

It will also be obvious, since he's have to build the wall 10" off the "original" block wall.  

If a house is from 1900, pipes have probably been replaced at least once already, but it's very likely that you'll have old, rotting cast iron drain pipes, corroded copper water lines, and sometimes even gas lines that are done unsafely.

I see it as a speed bump, not a road block. 

This is costly and I may look at other alternatives for bookkeeping but a good cpa handling your taxes vs you/hr block is well worth the money.

Lots of apartments, restaurants going up like crazy, although you go in a few blocks off of Colfax and it's still pretty rough.

@Ayodeji Kuponiyi thanks for laying out some building blocks to start with.