See here a couple diagrams to help you in this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2

So they take a 4 bedroom house and make it a 6 or 7 bedroom, which will cost you money to do initially.  

This isnt true -- but with anything, convenience costs. 

It's key to keep learning, look into different ways to pay for places, and think about ways to share housing costs.

The plumber who I spoke to says the pit in the picture is really big and the cost of labor plus gravel/concrete to make the pit smaller plus the cost of replacing the ejector pump is 5K.

Tailoring renovations to these demographics can maximize appeal and marketability.Comparative Analysis with Surrounding Zip Codes43613 and 43615: These areas, with higher median incomes, might offer opportunities for higher-end flips but may also face stronger competition and higher property costs.43606 and 43608: While the potential exists, these zip codes may not experience the same level of market appreciation as 43620, which could affect profit margins.Strategic RecommendationsInvestment Focus in 43620Cost-Effective Renovations: Focus on upgrades that enhance fundamental property values, such as kitchen and bathroom remodels and improvements in curb appeal.

A new city heights affordable housing project has gone up at a cost of over $800k per unit.  

Total resale is looking to be $285,000-$290,000 which leaves us with about $50,000 in net profits after lender fees, closing costs, holding costs, and minor renovations.

The highly effective path to accumulating wealth in rapid time is the same, unhyped, path it’s always been:- Radically cut back on expenses by getting roommates, living in the smallest bedroom in the basement or attic for a few years, and househacking or renting cheaply.- Bike or walk to work- pack lunch and learn to cook.- Read a new business book or equivalent every week for years.- Amass liquidity as rapidly as possible.- Use that liquidity to purchase real estate or take shots at small business entreneurship.To more directly answer your question though, I think that the “live in flip” is one area that seems appealing right now, in Denver.

They can vary widely and significantly impact the overall cost of homeownership.