I'll need to renovate the units to get rents up to market (approx. double current rent).What is the process in CO for vacating the property?  

Have to know how to conduct your renovations for the right buyer.

Typically, renovations only return 60-80% of their cost to a home's value.Why not take the money you have for the reno and put it towards an investment property?

He pays $450 a month.Upstairs unit is a 2bd, 1 bth that is fully renovated and vacant.

All the numbers seem to line up for a good return but when I got home to call my contractor as well as 2 other recommended contractors, they were all swamped with work and could not get to my project for at least 3 months or not at all since 2 of them stopped taking on large renovation jobs. 

Forcing them out and renovating the property means you will drop a ton of cash immediately and it will take you a long time to make up that expense.

On January 31st 2016, I was 31 years old and I didn't own a single investment property, now just 5 months later I have 12 occupied apartments, with 3 more to be units that need to be fully renovated at my KCK property.I have posted another forum  post that I am waiting for responses on, search for it, see if you have any ideasIt takes serious  GRIT!  

We buy apartment buildings, renovate, lease and hold or sell.  

The partner has also done all of the leg work (finding the deal and researching it) and will be doing all of the renovation as they also own a GC company).

I would have the 15k the seller gave me plus my lets say 5k that I put up for the rest of the down payment plus closing costs and I would have the 10% of the renovation costs I'd have to put up, right?