I strive to help investors make the best decision and make the best profit possible, even in detriment of my own income - standard of Ethics require us to work for the best benefit of our customers .... this will give you immense power, infinite leads, repeat business, and good thankful friends (which, for me is much more valuable than money).I see you have your license less than 2 year ago, so I understand you are still full of pragmatic dreams but you will soon get to understand how broad our profession can be and discover the different ways you can service the public and still offer excellent value; you will find a changing world where the customer is being increasingly empowered by technology and market disruptors.

You are an encouragement and inspiration to me each time we meet.I posted this one because finding flipping deals in Denver is a bit challenging and I thought there were a number of components (150,000 of them :) ) that made it special.Just a shout out to all those folks that say there aren't any good deals in Denver or Colorado to be had.

Most of the time, even run down properties are being sold at high premiums, because the land itself is the valuable component of the property.

I think most landlords with experience see right through it, but for some less experienced members it could be a very expensive lesson, or, as I saw in one recent forum about asbestos, for example, even be detrimental to their health.For this reason I'd like to add to @Eric M.'

As you move to the north and south of Denver, cash flow can become a larger component of your return while you sacrifice a small bit of the appreciation gain but still have a solid overall return.If your goals are entirely based around cash flow, you will probably find that there are other markets outside of Colorado that will offer you a better cash return but you will add some uncertainty of managing those properties from a distance.

Also, if you are considering keeping it, I would have a home inspection done if you haven't already done so to see if there are any major components that needs to be replaced anytime in the near future; roof, furnace, hot water, HVAC, etc.

Obviously my goal is to be profitable and as long as all of the components relating to the property and the deal allow that to happen then there aren't any restrictions as to where I would invest.

Within every bubble is the greed component unfortunately!  

I get that for sure.. so to me I still have to earn the money one way or the other .. so to minimize interest expense is my goal number one.. ( on long term held assets or my primary secondary or tertiary personal homes that I use.. and no debt is best for me.now for most it does not matter.. but for us that are developers  net worth actual true net worth and not a lot of long term liabilities is important component of getting loans.  

For someone living in their investment there are so many other things that matter besides the return component.