Great to see that you're developing your knowledge and are focused on paying off your debt.

This should be an interesting development to watch play out.

Considerations: From contract law perspective, House 1 has a severe misunderstanding or deceit involved (“Rent Ready” is not the fact at all), the purchase agreement shouldn’t be valid from the beginning; House 2 wasn’t properly executed, we should have the right to cancel the whole agreement.

Current neighborhood is C class and needs some slight repairs (new water heater, cosmetics and maybe more once a proper inspection is completed) According to current tenants though they are happy with conditions but would like hot water.

Happy to chat in detail especially as I'm writing an article on risk-adjusted returns and portfolio development for real estate assets. 

My particular strategy is to BRRR multi-families and I was hoping to hear any thoughts from local investors and agents and start developing a relationship with the boots on the ground.

I am a Business Development/Leasing manager for a large Property Management Company, based out of Denver.

If the lot is worth something just sell it. to someone who wants to build there primary residence there, or find a developer to do new contruction and "flip" it. 

.), Municipal Building (office of taxation), Office of Housing and Comunity Development and Office of Property Assessment per each office referral until they start referring me back to each other with no luck.

Now if you begin to feel like your PM develops a pattern....