There are some 4 unit buildings in older parts of Westminster 72nd and Lowell-ish as well.You hit the nail on the head about inventory - there is nothing available in the Denver Metro - I just saw today that year Feb 14 vs Feb 15 there were 25% less listings.

This practice is less than attractive, IMHO to any newbie investor; especially when the discussion was to have, at a minimum, 3 separate series, 1 to buy and sell (flips), one to hold (rentals), and one to handle operations(PM or day to day OPS).  

However, the transaction can be structured as a 1031 Exchange upon the close of the sale today. 

That being said, my CPA said something to me today that rang true.  

For me, in today's rates, I work exclusively with 30 year fixed mortgages.  

Me being a women with a death sentence with cancer & expected to to die, (but that was 7 years ago and I am healthy and alive today cancer free & I'm here to stay!!)

So, I just received a very tempting but completely stupid as a business decision, offer today.

I told them that if he didn't want it at the price we agreed on, a very fair price, I'm happy to give him his notice today as he's not the only one interested, and I could get more for it once it's vacant, anyway.  

The only valid investment opportunities that I have seen successful in these neighborhoods in today's market is Lease with Option to Buy.

There are 20 million houses Travis That have very little equity and these houses sometimes are on quiet streets and they need no work and they are paid up so they're not in trouble, not distressedYou make money by being a problem solver for the seller and making 3 per cent as an assignment fee.What a lot of people don't realize is sellers need help but they don't understand the costs to sell with an agentCosts to sell include commissions, closing costs, sellers concessions, spruce up costs like paint and landscaping, and vacant house while the house is being sold through the agentI describe this in a long post in the starting out section of the forms, so look for that long posters a few hours involved thereBottom line here is the spring is going be really tough for real estate agents in general, and if they would focus on helping sellers selling on terms verses for cash they would make a lot more moneyAn agents would make a lot more moneyAnd buyers would get their dream home in their chosen neighborhood in their perfect school district today, not making some landlord in some crappy apartment or rental house :)