If they decide to build a new pool & tennis courts for the complex, you still have to pay your share of the cost whether you want it or not.

Family/Friends/Co-Workers create an LLC and pools some funds together to get in the game.

That would add another layer of candidates to the pool for that job.So it depends on your tenant base as to whether it's good or bad.

It doesn't really have to be someone local either- the best CPA for you might not be in your back yard- and that's okay.

Do you allow pooled funds?

.), take that money and pool it with what you plan to spend on a new home in Denver and then do as @Jean Bolger said and try to find a property with a mother-in-law suite or one that has enough land for you to build one on it. 

The questions I would ask to come to a conclusion would be:Does the property have all the highest amenities in the market that new properties have, such as, resort style pool, clubhouse or social setting, top of the line gym, dog park, car wash area, walking trails, free common area wifi, coffee shop, garages, etc...?

The main thing (in Florida) is a pool.

Its a bank owned with a nice lot only downside it the back yard has maybe 50ft of woods then backs up to the freeway.  

There is no doubt a expansive pool of knowledge out here that I think would be great to tap into.