Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000, functional obsolescence to be $50,000, and external obsolescence to be $50,000.If you have information on a comparable lot of 110,000 sq. ft. which recently sold for $250,000 and the only adjustment is $1.75 per sq. ft. for the difference in lot size, what is the indicated total value for the subject property.

Denver is a reasonably safe city compared to many and our public transit is finally catching up, albeit slowly.

 Get at least three different estimates from different contractors that way you can compare their prices.

If it’s the right relationship, that year compared to a life long foundation for financial freedom means nothing.

The purpose in mind is long term wealth/cashflow.

You can still take the majority of all the cash or even more (comparable to profit in flips) you have invested in the property bought, not pay any taxes on the "profit" and cash, and  also invest the profit and cash in another deal.

Compared to California everything is cheap.

I say possibly because the particular neighborhood has some pretty wild price swings on seemingly comparable houses (I mean swings of 100% ore more!). 

That being said, with multifamily properties (at least with those over a couple units), the value is derived from the cap rate (net income / Price) as how that compares to similar multifamily properties nearby.

Hayward is still affordable compared to surrounding cities but offers the same features.