Let me know if you have more specific questions and I'd be happy to help narrow things down a bit for you.

However that wont give you a complete picture so calling PM companies and RE agents will also be incredibly important once you narrow it down to a few markets.

Have your offer start broad and narrow it down through negotiations.

People having success with this model are buying within a narrow search criteria (4+ beds, 500+ sqft per tenant, 3+ showers, plenty of parking, no HOA restrictions prohibiting non-related occupants, proximity to major employers etc etc.) and hiring management that specializes in the model and has systems + methodologies in place to account for turnover, roommate politics, common area cleaning, utility costs. 

You are asking too broad of a question for anyone to take the time to answer.Suggest you narrow your question and ask several over time...

My advice would be to narrow down where you want to buy before you start engaging agents.

It's so subjective (what someone considers major vs light rehab, and the areas you could buy in) that it's hard to nail down a specific number for you on that without narrowing down several things.4) Depends on where you are looking. 

There are a lot of great areas in Colorado that could fit what your looking to do and the budget for the project will be the biggest factor in narrowing down your location search.

Your attorney(s) should be able to advise the proper location and structure, which may vary from state to state.While there are reasons to go wider, I suggest you narrow down to a couple of states or preferably a smaller area than that.

So I will have to narrow my hunt in very particular States and contract local investors real estate agents to get a understanding of the market especially rents.