Guess I was think of holding it to get the 1,800 rent that area demands at the very least and thinking I could get funding to keep it and cash flow at least 500 since I wouldn’t anticipate even a higher interest loan on 175k being more than 1,300 piti.

Its all based on the property, zoning codes and the numbers.Yes there is a demand for smaller properties especially new construction if in the right location. 

There can be a pretty large difference between cap rates in a SFR property and a large multi-family property, simply because the investors that make up the demand for these properties expect different returns for different levels of risk - all other investors set the market for us.

Summerlin is widely regarded as the most high-demand, lowest crime, most desirable location in town.

Do you think you'll be able to continue to demand the same rent if utilities aren't included? 

@Thomas Cummings is correct, cash flow is great if you can find it, but appreciation is more powerful and is the main driver behind demand for SFR and small MFH rental investments in Denver.

In no particular order I have listed some of the most popular markets for out of state investorsCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

@Liosbel Gonzalez I can completely attest to the rapid growth and high demand the Austin market is experiencing right now.

Lesson #3 - Always change the locks immediately and check all of them.Lesson #4 - Buying in strong markets can clear potential roadblocks.Lesson #5 - If you get a good off-market deal in a high demand area, strongly consider just immediately relisting on the MLS.

Text message received = work order; if item repaired or replaced and I did the work, then I'll have a text message sent back to the tenant showing work completed; if it's something I had to purchases (new stove for example), then I'll have both the receipt for the appliance store & a text back to the tenant showing the work was complete.One of the nice things about my properties is I fall into that tiny sliver of properties that are exempt from having to allow emotional support animals. 1 property being a single family house not brokered by a real estate agent.