I have seen some people that don't come in as a GP or fund of funds, but they are pooling $500k+ together, which may get them an 80/20 split versus 70/30.  

:) But thinking about supply and demand created by Winter Parks proximity to Denver and the sq ft costs in Grand County versus another close area like Summit County...IMO it's a contender for a bit more growth.

Some trial State versus Sam XXXX.  

So an easy math example is $1,100 of rent versus $1,000 of the above expenses.The rate will be higher as you have a higher LTV compared to a 75% cash out loan.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.

Does the profit margin make enough sense to put all of that time and money versus buying an outdated home and doing some renovations in a shorter period of time.

In my state (PA), there is no difference in the rate (millage) one pays for a residential versus a commercial property.

2) How do you balance upgrades/cap ex to protect investment versus over-investing, because it is not your forever home?

That is like getting in a plane versus a car and the pilot is like “I am new to this”… Curious and do not want to sound mean - but what qualifies you to have the skill set to buy this type of asset ?

Jump in on PE ratio of 25 versus 14 or cap rate of 4 versus 7.  

You should build versus buy.