Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Couple of thoughts:1) Flips typically require better quality finishes than rentals. - So, if it too late to lower the finishes to rent it?

My wife and I recently inherited a property from my parents’ estate, and I’m trying to sort out both the legal and loan side of things.

At that cost and rent point, it will take many years to recover the negative equity position.https://www.nar.realtor/magazine/real-estate-news/study-adus...Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment (some of these may not apply in Denver, especially I do not know the rent control rules in Denver):1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Hundred and $50,000 over two years for $1.1 million investment is not a great investment for an investor. typically, in a deal like this, the investor would get at least 80% of the profits. just giving you my two cents as an investor

The property has a big tree in the back that sort of leans over the fence as well into the neighbors yard. 

What I’m trying to understand is: which platforms do real-estate professionals typically use to perform REP-eligible activities/work?

What type of buyers do you typically work with in ​Denver?"

To see how long it typically takes to fill a vacancy in your area, I recommend pulling rent comps to see the median and average market time.

Quote from @Stephen Nelson: Two random comments but I'll mention because it seems sort of relevant that I used to teach the Choice of Entity class to CPAs and attorneys in the masters in taxation program at the country's big graduate tax school.