I have the dream, the local and inside knowledge, and the county of Boulder backing the plan.

If we pay cash around 50k, and the owner says they have a "dream tenant" who is a handyman currently renting for around $650/month, would you jump on it?

Our dream is to become financially independent by 30!

I'm all questions and dreams.  

Just because the landlord *thinks* its 70 in the unit, if the reality is colder, you are a plaintiff's attorney's dream.

I've been looking for 4 months now across the country, including in Midwestern markets I would have never dreamed to consider before and would be -very- lucky to break the 10% ROI (cash on cash, without speculative equity growth). 12-15% seems like a pipe dream in this market.

Yes this is my plan for our "dream home".

@Nate MorrisIt would make sense that the deal may need to be included in a separate sale.Generally when purchasing property, you want to weight more of the value into items with lower depreciable lives.

While you can find partners to take some of this weight off your shoulders, you're still going to need to put EMD down on properties (risking tons of money), your reputation on the line, your investor's confidence in you, due diligence costs (inspection, scopes, lease audits, etc...), travel costs if you're going out of state, and much more!

We're truly trying to be of assistance; we're not trying to crush your dreams, here.