Most of the gamesmanship I have heard in this thread attributed to attorneys would get them in serious trouble with their Bar Association, and open them up to Civil Liability and attorneys fees from the investors and landlords here. 

In real estate and in life, Hanlon's razor seems appropriate "Never attribute to malice that which is adequately explained by stupidity". 

I think that the reason that the separation is not more dramatic is that new construction represents a significantly higher percentage of townhouses than with single family and the rising prices are at least partially attributable to the rise in material costs.The situation in Salt Lake and Utah counties is quite different as townhouses represent an entry level price point that is becoming rarer and rarer in detached single family houses.  

If you lose the bid, there will be others, and if nothing else, you'll have this experience under your belt, the start of what sounds like a strong team, and one more grey hair attributed to the wisdom of patience!  

@Sofia NguyenI love your enthusiasm..it is one of the winning personality attributes every REI should aspire to have.Keep on doing what you are doing; in less than no time, you will acquire self confidence and requisite knowledge to plunge in..One thing I have learnt is never stop improving...ask whatever question you have on the forum and NEVER think that any question is too naove to be asked.

You will have to pay CO state income tax on any income attributed to the CO property.  

You have skill sets and certain experience attributes that are helpful in real estate.

UBIT applies only to net income generated by the property that is attributable to the leveraged portion of the purchase,  and only while the loan is in place.  

This is partially attributable to the rent growth in each of those areas, and partially attributable to the lower cap rate in Manhattan.  

I have all the skills and attributes to make a home beautiful.