The back of napkin numbers seems to work out, and from what I've read online it could be a healthy value add to the property.

Is it a healthy market for STR?

Our investors are mostly busy career people and they have $300k cash and where can they park their $300k and still get some healthy returns and ride on top of inflation.

My goal was to land a 6bed house close to downtown Denver to keep a healthy supply of tenants.

For 2022 of course I show a healthy profit especially once you add back depreciation. 

I would budget to buy 2 less properties than you can afford to assuming you're keeping a really healthy pile of reserves, and invest 1 downpayment of those 2 properties against near-term debt offerings-- lock in some yield.

Land surveys and other studies - Geotech report, soil report, fault lines, environmental report etc.Most of the lots would not survive these due diligence items.

Some people do, some people just experience a healthy offset to their mortgage expenses.

Now I want to offer either 50% equity to an investor at the healthy 10 cap rate.

They're only cheap compared to markets that investors feel have better fundamentals, including strong population growth and healthy economic outlooks.