The only thing really attractive about it is the owner financing..

This will extend the life of the floor and will give an apartment a fresh look that will attract tenants.

Doesn't sound all that attractive, but at least you haven't burned a bringe or ruined your name by bailing on a deal - which is really important for investors3.

But, from a cash-flow standpoint they look a lot more attractive than Denver-area properties.  

I also looked into multi-units (duplex,triplex etc), but they all look run down or unattractive and the last thing I want to to attract the bad tenants.I guess my questions are: Are single family homes and condos good investment options or should I stick with apartments/multi units?

It's truly a nice ski property in New Mexico, but according to the listing agent, land is not moving in that market so even lowering my price substantially below my costs won't attract any offers.  

Newer homes tend to attract a better quality tenant.

I work at a tourist attraction and environmental organization in FL which happens to be located right smack dab in the middle of a residential area of the city.

With a relatively minor amount of work it is likely to attract owner/occupants with a smaller discount than a flipper requires.If the numbers are this:100K purchase40K repair200K ARVA hard money lender will likely lend 65K on it. 

Here's my entry to get things started:This is begging to be developed into a super-exclusive resort attraction of some sort, and milk the vanity of Manhattan's elites for all they're worth.