It’s in a great market & neighborhood.

For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

If not, there's no point in going further. 

In your example sell the $2 mil building (assume there's $600K of debt remaining so there are 1.4 mil in proceeds). 

There are a lot of events this week in Denver.

Only do this if you'll be staying in the house for a long time.

You can always raise it again in 12 months on their next lease. 

We converted the STR units to student housing in the school year and only STR them in the summer.  

They own an interest in an entity that owns real estate.Option1.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.