We have remodeled the entire interior.

Except as required of Landlord in Subsection 13A hereof, in all other cases Tenant shall be responsible for maintenance of the interior and exterior of the Premises, excepting normal wear and tear, including but not limited to, toilet back up, replacement of light bulbs and repairing of non-structural and other items in the ordinary course of their use.

Buying at extremely low caps is risky.By itself, it does not make sense and as you said, it's the Greater Fool Theory.But having said that @Ben Leyobovich seems to be a very smart investor-operator and seems to know his market.What I do is:1) Buy at cap rates based on the market (if the market is at 6%, I don't look for a 10% cap like what some gurus teach, I buy at 7%...even at 6%, specially if I can reposition the asset to produce more income)2) Add value to the building (improved interior finishes, better management) OR find the building's highest and best use3) Get substantial rent increases and substantial NOI increase on year 1 through #24) By year 2-3, exit via either a sale or refinance,and get substantial cash (we're talking about $10,000 per unit)5) do #s1-4 all over again and get more units after each cycleI've been investing since 1999 but discovered the above model in 2006 and so far...have not lost any money for my investors even through the 2008-2009 recession.

I have also taken all the information I have received and internalized so I can use it.

On each Redfin listing, there is a section titled "interior Features".

Offer to be their unpaid intern/personal assistant.

Also for IRR or internal rate of return you should consider tax depreciation and taxes paid on the mortgage in your numbers for ROI because they allow your CoC to be what it actually is before and after taxes and then some.

The upstairs looks like it would hold 4 high-end 1 BR apartments, but would need the works: insulation, inner wall framing, plumbing, electrical, complete interior finishing and appliances.

We painted interior, replaced blinds and installed flooring ourselves in one unit immediately since it was vacant and got it rented by the following monthFrom What made you interested in investing in this type of deal?

Boulder is starting to feel like an international land grab.