My wife and are implementing this "Nomad Strategy" and are about to start looking for our 3rd property here in Colorado Springs.The major issue right now is interest rates, and the fact that if you only put down a 5% DP and borrow the other 95% at a 6.5% - 7% rate you will not even come close to covering your mortgage with the rent when you move out next year.So, we found a VA assumable loan (FHA loans are also assumable) with a 3% rate and a seller who had an overpriced listing because he was pricing to break-even after paying off his debt and closing costs for selling the home. 

We've only ever owned in the cities we've lived -- Denver and Colorado Springs.

Here in Colorado Springs and Denver they are called "habitat for humanity" and they get huge slabs from folks renovating.

I'm Derick from Colorado , excited about real estate investing.

Much of this climate paranoia is usally driven by false ...or more accurately -  'incompletely (or incorrectly) analyzed' data.For example, I see that you list Arizona as a State that is 'in danger' because of dwindling water supplies....yet you fail to manetion that they get much less of their % water from the Colorado, instead having rivers and underground sources to rely upon.

To non renew a lease in Colorado you have to give them 30 days to move out.

I am currently in Illinois however I can see myself moving to Colorado within the next few years.

I have been looking at duplexes in the tampa area (strictly for investment, I live in Colorado), I don't think small unit multifamily will slow down by any means in the Florida area. 

Secured by Deed of Trust.The property is a manufactured home attached to land in Southern Colorado.

I have purchased a lot once before, but this was under the expert tutelage of a builder friend of mine in a different market (Colorado).