I have strong credit, I have strong assets, and I have strong income. 

I can't seem a large benefit of REI in a case where you have to put 20% down in an average market.Ex:20% on $500k move-in ready duplex where about $1k cash flow (ideal scenario)Assumptions - 6% housing appreciation, Stock 6% appreciation (conservative estimates)Profit- House appreciation 6%/year- Mortgage paydown and it's 6% appreciation/year- Cashflow invested back into mortgage paydown+/- tax deductionsExpense- interest payment, taxes, home insurance, maintenance ~ roughly 1k a/f deduction (conservative est, probably alot more)VSOpportunity Cost- Down payment 20% = 100k in mutual fund 6% return/yr- $1k/month expenses that could be contributed to mutual fundYes there are still alot of variables- housing and stock appreciation/return will vary depending on location/time/stock- did not exactly calculate out the tax deductions / expenses but made a conservative estimate in favor of REI- did not include time and fees dealing with REI transactions vs just working a few more hours at my jobWhat i'm seeing is that in a scenario where someone will not be building sweat equity or finding a crazy discounted deal on a property and going through a conventional 20% in an "average market", the argument doesn't seem as strong for REI vs mutual funds/stock - they seem to be pretty close if you take into account the variables mentioned above.

Do you think 11% is  strong enough maintenance and cap ex for a 90's build?

If you have strong credit, you are better off putting less % down and investing the difference.Your PMI on a conventional loan w/ 5% down should be cheap if your credit is 760+.

The property value is estimated at $600K - $650K.There are clearly pros and cons to each side, but any strong feelings or advice from the group would be appreciated! 

My realtor was Jason Robinson of Norfolk, VA and I strongly recommend him.

My realtor was Jason Robinson of Norfolk, VA and I strongly recommend him.

Denver is an expensive market compared to others but worth it in my opinion as the fundamentals are strong.

✍️Role of a SyndicatorThe sponsor/syndicator is the person who initiates the real estate syndication; they are responsible for identifying the market, underwriting the property, securing financing, overseeing the business plan/renovations and the daily activity of the property management company, ensuring strong investor relations, and managing the asset in general.

Exactly, I actually have about 20 agents and a strong construction team.