Your C corp is used for most tax write off of expenses, medical benefit and other fringe benefits.

You will have a better chance if it is on the fringe of the commercial zone.Next, look at the town's comprehensive plan.

I have been sitting on the fringes studying before going full fledge since a lot of the gurus promote their flavor-of-the-month which amount to being undercover paid advertisements.  

The tax free fringe benefits can be great. and then see line 4.4.

These types of projects are a great first step in a neighborhood because the end client wants to be somewhere that's fringe, so you have time for the strictly commercial & residential market to catch up.  

Not much land at that price so you either need to head to the fringe where the cheap land is or find property that can't be used for a 1,200 sqft home (sale price $360,000 land cost of $90,000)As @Dan McDougall mentioned there are not an insignificant number of small condos <600ft^2 in the market.The MLS has two small homes in Globeville.

@Daniel Lynch So the girlfriend wants free rent plus all the fringe benefits?

So if they're happy with 6% cash on cash and being in the fringe areas where there is a lot more risk, then I guess you should keep feeding them what they want.

Skilled and educated working Americans had jobs providing numerous fringe benefits, paid vacations and pensions.

Look on the fringes of the good stuff.