Property is is good condition, so appraisal wont be an issue and it was never listed on the MLS, I have an email into escrow on if my assignment contract will cause problems.

The price is also competitive!

MichaelI buy off the MLS all the time in one of the most competitive markets in the country.

I do keep vacant units air conditioned at 79 degrees, on units I am rehabbing (one of them going on 2.5 years, don't ask LOL) I close off most vents and returns and I also relocate the thermostat to a location that makes more sense as I work.

Some of these homes had been abandoned for several years so the poor condition & the responsibility to correct was accepted by the purchaser.

The trick will be in finding the right strategy to match the current market conditions.

Considering the condition of the house among other things I don't expect that conventional financing would be an option right off the bat.

This doesnt really apply to 1-4 unit lending unless if its a local or portfolio lender however mostly applicable to 5+ multi family, commercial, and business lending. 5 C's of lending Character (integrity), Capacity(cash flow or ability to service debt), Collateral (equity in property to secure debt), Capital (networth), and Conditions (economy, and external factors)

Since it's one of the most speculative market, and it has a lot of competition, it seems like you have to take more and more risks to get the deals.I'm not trying to discourage you but try to be extra cautious so you don't get burnt.If I were you I would spend a few months going to trustee auctions, going to a lot of open houses, trying to network with current investors etc.

The Denver area market has gotten a bit more competitive over the last 18 months.