Looking at it from this perspective allows us to simplify the problem by characterizing our hypotheses in the language that serves as the basic building blocks of how our markets come together to set prices.

I sold a similar property a few blocks over on Cullerton last July for $890K.

Price point was very appealing and location has major improvements happening within 2 blocks over the next 5 years.

Price point was very appealing and location has major improvements happening within 2 blocks over the next 5 years.This property will be run as a room by room rental.

Price point was very appealing and location has major improvements happening within 2 blocks over the next 5 years.This property will be run as a room by room rental.

A few stumbling blocks....The improvements have to be greater than the purchase price. 

Maybe consider a pole barn rather than block construction?

I lived just 2 blocks south of the University of Denver campus 2005-2012, and I used to house DU students as cool roommates then.  

Location block by block matters.

I've always had a tough time getting Tuesday evenings blocked off but now I have nothing to interfere.