Some of the most influential books in my life have been 4 Hour Workweek by Tim Ferris, The Alchemist by Paulo Coelho, and How to Win Friends and Influence People by Dale Carnegie. 

@Adam Kuszczak most major metro cities will follow the same pattern...the "inner city" will be largely original housing stock...late 1800s to mid 1900's...developments typical radiate from the city center with age...so, 1950's through 1980's built properties are usually 3-5 miles from city center with the newest concentration of properties outside of interstate bypasses (usually forming a circle or partial circle around metro areas)...there is infill building and exceptions to these rules, but property age will be your #1 determining factor of where the properties you are targeting will be located.Building materials and methods of construction (along with codes) were very different from one decade to the next, but homes are surprisingly sturdy and most anything can be fixed.

Hi @Daniel Kevin Lara, I'm going to assume from your question that none of your utilities are individually metered (a bummer, since that simplifies this scenario a LOT).I would work out the historic averages for the utilities and split the average among my tenants, either:- Split it evenly not factoring in my usage (i.e. they pay the full share) OR- Split it evenly between ALL residents and add a surcharge to give some buffer or padding. 

NEVER let an influencer, influence you because they have a ton of followers.

You can sometimes win this recapture game, due to one or both of the two factors: time value of money and difference in tax rates. 

Most of the current tenants are long term.The biggest factors for me for the purchase were: - A property manager:  Be selective and pay them well. 

There are a lot of great areas in Colorado that could fit what your looking to do and the budget for the project will be the biggest factor in narrowing down your location search.

How long they have been a tenant is also a factor in some areas.

I believe to get it rent ready (next summer) I would need about 14-16k more and then if I factor in AC/Furnace we're creeping into the 20k range (house has asbestos siding panels and the broken ones need replaced and then get the house repainted 6kish or I have it covered with vinyl which kills two birds but probably 2-3k more at 9k).

If he was making decent money and there are no negative influences aside of COVID, chances are pretty good that it will recover and keep making money.If it was a marginal business prior to COVID, then closing the business and selling the building may be a better way to go for him.If he sells the business and real estate to a new operator, he needs to be prepared to continue operating for a year or so because even the best marketing programs take time.