The only way to make "real" money in this country is to own the business, be in sales, or wheeling and dealing in investments of some type.

Toured one place with heated pool, billiard room, tanning salon, full-sized indoor basketball gym, exercise room, movie room, and so on and so forth.

As Sacramento_Steve lays out, this is never a money maker at the current price.

The house will need all new paint and carpets to make rent ready.

Local banks are staffed with decision makers who know the local market and have a vested interest in the improvement of the local market.

Asking: 49kOwner will accept: 40kNeeds about 8k to make rent readyNeeds about 20k for retailARV: 125kI want to buy and hold as a rental, however I do not want to get stuck sitting with a HML @15% interest and I know most lenders won't lend on a property under 50k.

Their biggest money makers are household appliances, and since nobody is wanting to sell their homes right now, that means nobody is moving, which means nobody is going to be buying new stuff for their house, which means GE's biggest seller is not selling like it should, which means I made a mistake.

I know people make Real Estate Investing seem like it's magic but money isn't just going to fall into your pockets because you want it to.If you really feel that this is your path (and I would challenge you to answer *why* you believe that is the case), given that you have no resources, I would go to your local REI meetings and hook up with others.

I paid more for better seats, but the deal was there and I had to take it.When I first was looking, I was thinking of getting club seats cause they are nicer, you can get good sideline seats, and you have the indoor seating area with your seats that includes free food and drinks!!

Lots of amenities in Denver, indoors and out.