We saved his $50K and we made a great profit it was a win win for us both.

Looking at comps around the neighborhood I believe we could easily get $2950 - $3100/month in rent.Other important things to note:The neighborhood is Edgewater, CO and is becoming extremely popular as the town is doing a lot of planning and lots of new community marketplaces, bars, etc are being developed or have already opened.

You can win them over though. 

Generally speaking, the people who win lawsuits are those who have the best documentary evidence. 

That becomes a win-win because you can offer it at a big discount because you have no rehab and no realtor fees, and they can buy a house they know and love.You may want to consider the tax implications.  

Say if Fannie Mae  bought the property for 250K, what are the chances of us winning if we make an offer for 260K.

You can more easily manage the property (you are on site so you see and hear it all first hand) - which can also be a negative too.

Then I'll call the offending neighbor just to remind them of how easily noise travels.

If you want to Airbnb this property, the city of Denver only allows it if it is your primary residence. 1) You can easily find tenants to rent it long-term if it shows well in pictures, you could start marketing it now and find someone by 1/1/22.

Is it reasonable to assume that $150k invested in a rental property would easily net (minus all expenses and set-asides for vacancy, repairs, etc.) $600 a month?