Hi Seth, I am in a very similar boat as you. I graduated from CU not too long ago and hate throwing so much money out the door for rent. I am currently trying to find the right deal for my first place as well. Having a property in boulder would be amazing, especially if you could continuously rent out to students. You can generally charge much higher rent when you rent a house on a per person/room basis. My senior year at CU, I lived with 6 guys, and my landlord collected $4,440 in rent from us per month. She was going to charge the guys coming in after us over $5,000 a month. I can't imagine the cash flow she must have been getting. That being said, I think it would be hard to find a condo or house anywhere near campus for that price range. Renting to students might not be what you're looking for though. Keep asking questions man, there's a lot of people here on BP who have a lot of experience and are willing to help.