There many mistakes an investor can make to lose money.The 2nd is a economic contraction causing a lose in value such that the investor cannot continue to hold the asset through the contraction.If your goal is to simply limit risk I would go with passively investing in a syndication.

Now, that being said, if I know they smoke I simply do not rent to them.

Or, simply put it this way, the homeowners are financially much stronger than last around and less sensitive to economic uncertainty. 

Next year, when those improvements can be added into the basis, can I simply add them as a new entity on the depreciation schedule (4562, Part III) with their own 27.5 year schedule?

They may have too many projects going on, it may not be in the area of town they like to do flips or own rentals, or simply it’s quicker to get in and out.  

Also if anyone has any general prices as far as cost per sq foot in the Denver area that might be helpful as well, or simply any advice to a new wholesaler is greatly appriciated. 

It’s simply to attract potential sellers through my marketing, without muddying the message with broker branding and licensure information.

I know some investors who simply stay away from foundations, and others say it is not a big deal. 

Simply ask what their buying criteria is and send them anything remotely that fits.

If you're in Cleveland...not so much.So the market really matters if you're looking through the lens of appreciation.If we break it down simply on cashflow, then from the limited information provided, it's highly likely you're going to be bleeding money each month (especially if you're living in one of the units on an FHA).Side question: Can you actually use an FHA on two separate buildings even if they are on the same lot?