Since investors evaluate many projects which don’t work out for the contractor, the contractors usually become very reluctant to serve as your budgeting agent.I recommend finding one contractor you trust well and keep working with him/her.  

That way neither can walk away and they have to work out the issues themselves.

Look up Agnelli Real Estate, try to see if you can connect with Sheldon; he closes a couple of hundred deals per year and will have the capacity to assist - whether he chooses to or not will depend on if you have a good deal or not. 

I have been involved in real estate in some capacity for a few years and am working on obtaining a 2nd rental in 2020. 

I am a local investor actively flipping in Sac as well as a realtor. let me know if I can be of service in any capacity!

Doug, Rules of thumb (you will need to work out the math project to project):  1.

Hi how did this work out for you?

@Josh HansonI'll be curious to know what you decide and how the BRRRR deals work out for you, so I hope you update this thread from time to time with your decisions. 

Find a lender that can:Go to 50% DTI for agency loansCan use 75% of rental income on purchase and/or recent purchase that's not on a tax return If you are buying a good cash flow property and the lender can do these two basic things, then the purchase should work out.

Denver's not an easy place to find deals with enough margin to work out.