Also you will be responsible for electricity on the exterior and common areas (if there are any).  

I had a conversation with a financier yesterday (introduced to me by Reddick RE) about fixing and flipping who told me my close relationships with the agent and contractor give me a significant leg up over other flippers, and I could learn from them as well(as opposed to take courses, seminar, coaching).  

(As opposed to actually "forcing" the sale)?

Rent is higher in those areas too, but I assume that helps a little bit with quality of tenant.I'm not opposed to detached single family homes, my original concern was that maintenance costs would be higher, however all these townhouses have close to a $100 HOA.

With the Denver market, it's now to the point that I can actually start making some monthly income from it as opposed to collecting rent simply to pay the mortgage.I also have a property in Longmont that I rent as well.

Yes if you rent a 4k dollar a month house as opposed to buying a 100k dollar one, you will be wasting money, but if you are renting something comparable, you are certainly not throwing money away.

Hi all,I have a duplex rental property in Newport Beach CA and want to consider if tearing down old 25-40 year structures and building 2 new townhomes for sale makes any sense as opposed to an outright sales / exchange.How would you get a idea of the costs , timeframe etc.Approach some local builders and ask for estimates ( since they know the local building laws and standards ) ?

I find that it is not really significant, I mean, if you do a rehab, everything on the inside is new, the exteriors framing must be old, but, I have seen things that drops my jaw.

Properties bought for rehab/flip are held for sale (as opposed to held for investment) and do not qualify for 1031 Exchange treatment. 

We are asking for every guest at our wedding come October 18 to give us a cash gift as opposed to material items.