M.I.P is willing to replace HVAC’s, roofs, windows, etc. when needed, but they will minimize the renovations based on the age of major items, etc.This house needed a new HVAC/condenser, but the roof and floors were in average condition.

I own a condo in San Jose and the HOA is currently $460 a month and may only get higher as they will eventually need to replace the roof and who knows what else.. we bought it about 2 years, 2 months ago and we are discussing a deal with someone to sell.

The home needs extensive work that includes kitchen and bathroom remodels;  HVAC installation; boiler/baseboard heaters removed; plumbing work; and some girder/sister joints replaced. 

Sounds like my hometown of Allentown, PA (and neighboring cities of Easton, PA and Bethlehem, PA) is just right up your alley.

Locking in your profits of your primary residence may sound appealing. 

I've addressed concern over the master bath because water continues to run internally and hissing sounds ensue for 5-10 minutes after water is shut off.

I cannot answer as to what the rules/laws are in Denver, but adjusting the rental rate based on number of occupants sounds like a violation of the Fair Housing Act.

Also, remember that you *can* identify more than three properties (if you really feel like three isn't enough choice or you have a ton of value you'd like to spread around between multiple replacement props) but you have to follow two rules:1.

It sounds like I'm more or less headed in the right direction -- and I always appreciate all the guidance and invaluable little tidbits.

Sounds like the property is a loser to me.