Renovate to the standards of they type of tenant you want in your units.As for the furnace, it seems to me like you have an opportunity to replace it now: everything is being torn up anyway, you already have a budget for larger expenses.In my mind, why tear up and pay for a big, disruptive project later when you have the space, time and budget now.Just my opinion though.

I'm also looking at Jacksonville, the Space-Race Corridor in Florida, Little Rock, among others. 

I did not receive any sleep that night and I had strongly felt that the new management had failed in its number one priority: to provide a secure living space for its residents which is protected under the implied duty of habitability.

Marketwise, you want to look at not only growth, but also supply constraint.

Right now I don't spend a lot of "free time" in pueblo (when I am in town, I am on a mission), but if you're ever up for coming up to the Springs there is a meetup at third space that I regularly attend (along with @Daniel Haberkost).

There is much less red tape in the commercial lending space opposed to the individual or consumer loan space. 

I was just picturing on lead generating ads trying to find space in the ad to disclose broker relationship without taking away from the focus of the message in the ad

Many foundation problems have water as a root cause - be that infiltration in a crawl space, drainage around the site, cracked sewer line or water line.

It's a great way to drive revenue on a SFH, assuming you have the space for it.

I have a friend who I'm helping lease an 800 sq garage/shop space attached to a single-family rental.