Recently, I wrote an article that primarily focused on the large residential developments taking place in the Old Pueblo.

Do your due diligence, but confirm it with your team (and any large discrepancies serve as red flags, about either the information or the confidence in your team members).

Your comps range is way too large, a $1.5M spread! 

My way of thinking was I get the house under contract, take out the loan to make the mortgage payments, and then on the resell of property ideally I'd want a large enough profit to where I can repay my loan and still make a profit. 

I ran into this situation once also. turned out the house I was trying to find was built on the same lot as another house. the owner owned a large lot and built a second house on it and somehow the county wasnt tracking the second home!

Large land plots are selling quickly and for good money.Then I occasionally run across houses with large land plots, which are going for less than the value of the land alone. 

One of my companies is a licensed general contractor and we specialize in working with investors...we support an existing large rental portfolio but also work with self-managing and BFF investors on remodeling and renovation projects.  

In my opinion, I would use the capital as a large down payment, or cash purchase.

Now that, coupled with appreciation, might be a strategy in itself for high income individuals, but if that's not a large percentage of landlords, ...like I said, expect a sell wave at the smallest sign of economy trouble or appreciation slowdown.6.

@Julian Joseph - probably lots of recent HS grads and others in college that could benefit greatly avoiding leaving college with a large student loan in the first place.What the heck happened?