Core Insights - The article discusses a couple's financial struggles due to risky real estate investments, leading to a significant debt of $6 million [1][2]. Group 1: Financial Situation - The couple is facing financial strain from a troubled apartment complex that has become a liability instead of a profitable investment [2]. - The property is valued at just over $6 million, which barely covers their existing debt [4]. Group 2: Decision-Making Conflict - The husband is considering taking out a large loan for renovations in hopes of selling the property, but the wife is opposed to this plan [3]. - Personal finance experts suggest that the couple should either sell the property as is or return it to avoid further financial complications [4]. Group 3: Expert Advice - Financial expert Dave Ramsey emphasizes that respect does not mean ignoring poor financial decisions, and enabling such behavior can lead to further issues [4]. - There is uncertainty regarding personal liability for the loan, which could necessitate selling the property to avoid legal repercussions [5].

Kairoi Residential purchased a prominent corner in LoHi for $39 million Friday. The San Antonio, Texas-based apartment developer paid $231 a square foot for the 4 acres under the Residence Inn by Marriott hotel at 2777 Zuni St., public records show. Kairoi plans to build a 5-story, 429-unit apartment complex near the Speer Boulevard and Zuni Street intersection. The company submitted documents to Denver in July estimating the planned construction cost at $65.6 million.Kairoi did not respond to a request for ...