The details:Location: Denver, Colorado located in very hot real estate market in an excellent location within 2 miles to downtown.Land cost: $475,000 currently with small 900sqft home on property Mortgage/holding cost: mortgage is $2800; I will be renting home on property for $1750/month (so I will be paying $1000/month out of pocket holding cost) while we go through the permitting processPermitting process: estimated to run 6-8 months in Denver before build can beginLooking to build five, 3-story townhomes on the lot, 1550 sqft each (about 500 sqft per floor), with detached covered garage in rear of lot for four of the units.

I would like to be able to get as much done as possible and even be able to start construction on the day of settlement.Pre-Hab Work PhaseHire architectHire structural engineerApply for building permitsDesign KitchenChoose tile, flooring, cabinets, door hardware, light fixtures, railings, front doors.Measure windowsGet estimates from 3 GCsGet estimates from 1-2 ECsGet estimates from 1-2 PlumbersI think I might be jumping the gun on getting Permits…don’t you have to own the building for that?

The second floor has 3 bedrooms and should rent for $1,200. 

If you create a cool space you can rent it on PeerSpace by the hour. 

It may be a new kitchen floor, repainting the living room, etc...

Flooring and paint......that's pretty much it.If the carpet is beyond saving, get vinyl plank or tile as much you can..

When you're operating in a space with competition, you have to work harder and be able to act faster then others.

I have the space for it.    

I'll be owner occupying the finished garden unit and currently looking for tenants to occupy the nice and spacious 1st and 2nd floor units.

I was thinking of removing the carpets and installing the vinyl plank flooring.