If the Realtor indicated the unit was vacant prior to closing in writing, I'd also talk to the broker (not the salesperson) at the Realtor's office and let them know you expect them to make it right by you, or that you'll have to talk to the Board of Realtors and / or the state's licensure office about the matter.

You should still expect to be bring down at least 20% down payment even with a value add situation if you are new to the game.

To them, Denver's downright cheap.This is obviously not the sole metric used to project future price appreciation. 

NOI x CAP RATE = purchase price Simple example: $100,000 x 9 = $900,000You can then use pro forma numbers say after you raise rents, fill vacancies etc to project future value if you wanted to sell later on. new NOI x higher cap rate$130,000 x 10 = $1,300,000$130,000 x 11 = $1,430,000and so on.

I am expecting to see at least 5 of these criminal cases before the market heats up again.

I know this post is from 3 years ago, but for future viewers:I searched the forum for this exact question!

If rates continue to decline into the start of 2024, housing affordability is expected to improve.Permits remained unchanged, but construction starts saw an increase.

That ain't the future, folks.Corollary to MTR-insurance relationshipThis reminds me of @Erin Spradlin's take on the current emphasis in medium-term rental world on creating relationships with an insurance company.

I think you should not expect/count on this for your first property.

And again like Stephen said, we have to look at your goals and expectations.