Get rid of debt, build a budget, and save.

What made my investor interested in this deal was being a corner property you are able to build a full 3rd story addition by right which would massively increase the value of the property with similar 3 story properties trading in the low 600k's.

The first step to building your REI empire.

I wouldn't rely on information here as we haven't seen your building nor understand your bigger goals but this is not something I ever recommend my clients to do....even if they have a few deals under their belt.

By putting 10% down I probably will be less than breaking even every month ((like an extra $800-900 per month at very low/conservative rent prices)  with the building fully tenanted (as is condition not counting value add with renovations). 

You really want a rookie putting a waterproof seal on the top of a building?

Earn money, build your credit, save up, and invest wisely.

Building dept. for Unincorporated Arapahoe County is apparently overwhelmed and understaffed.

Pull a building permit.

Personally, even with interest rate uncertainty and election year hysteria, I am building a stronger and stronger conviction around the fact that I need to get a little more aggressive in acquiring more income properties.