Meaning if the seller would have sunk $150k to fix all these issues, the price would be at least $150k more.I'd rather they not do it and sell it to me at the price it's at. 

This gives me meat on the bone and learning from history.

To me at least.

There seems to be a good amount of development over there, including small multifamily (their zoning seems to be a little more favorable for this than most of Englewood, although take a look at Englewood's zoning map since there are definitely areas where they do allow small multifamily properties).Lots of Lakewood falls into the same type of boat, some neighborhoods I've explored have been Harvey Park, Ruby Hill, and Mar Lee although there are other good ones around there as well.A lot of my friends and fellow investors/househackers really like stuff further north in Sloan's Lake (already a little too developed for me at this point, although still deals to be found if you're willing to really put the work in), Wheat Ridge, Edgewater, and Arvada (Old Town Arvada is actually a really awesome spot to check out!). 

My realtor found a 4-plex for me at a discounted price because it needs a LOT of work. 

If you stick to at least the median priced areas it gives you more room to get some meat on the bone.I also don't like to buy the most expensive/biggest house in the immediate area since you can potentially run into appraisal issues on the back end/have a lack of buyers since it's more of an outlier.

I was a bit surprised by that too as I rented for many years when I was single and that was just what worked for me at the time. 

I have a good handyman that fixes stuff for me at a reasonable price.

I would only do it if you could put a lien on the property .. but even then it doesn't sound like there would be much meat left on the bone ... there are so many costs that people don't think about  ..plus what do you do if the owner decides to sell at a reduced price so he can sell fast ... i mean is his priority to sell his house or to make money .. what about the wife .. can she force the sale ?

Flipping in all markets are getting tougher to find deals with meat left on the bone.