Colorado foreclosure laws seem crazy:“The Public Trustee must also mail, at lease twenty-one (21) days before the foreclosure sale, a notice to the borrower describing how to redeem the property.The owner of the property may stop the foreclosure proceedings by filing an "Intent to Cure" with the Public Trustee's office at least fifteen (15) days prior to the foreclosure sale and then paying the necessary amount to bring the loan current by noon the day before the foreclosure sale is scheduled.The lender has the option to file a suit for deficiency in Colorado and the borrower has up to seventy five (75) days after the sale to redeem the property by paying the foreclosure sale amount, plus interest.

These are twenty something year old adults looking for inexpensive rent.

And there's the problem...you're arguing against using a tool without understanding how it's supposed to be used.In every thread about the 50% Rule (and there have probably been hundreds of them), at least one (or two or twenty) people point out that the 50% Rule is a great rule of thumb for doing a first pass analysis of a property, but that it should NEVER be used to make decisions.In fact, I said this in my post directly above yours.Arguing that the 50% Rule is bad because it can't be used reliably to make decisions is like arguing that a hammer is bad because it can't be used reliably to tighten a screw. 

Why not take ten, twenty, or thirty percent of it find a market that will work for that amount and see?

But don't show up for coffee with an investor who's put fifteen, twenty years into investing and ask what a cap rate is.

The twenty year old one failed on a holiday weekend friday.

As in not a ton of experience or in their teens/twenties?

@Scott Trench has the numbers on this, but I think the majority of private rental property investors max out at three properties, with only a few having five or more, and a vanishingly small minority in the more-than-twenty range.I remember this one kid, a few years ago, insisting here in the forums that he was ready to run multiple strings of BRRRRs in different cities right after graduating college.

We work with many STR investors in the area and @Matt 'Roar' Gardner can give you some property management firms you can get in contact with for more pricing.

...continuedMy late father grew up in the rural areas where that traditional hut is usually found.We would visit grandma usually on Easter, Christmas.The homestead usually has four-five huts spaced twenty metres apart in a homestead setup.One hut is a big Kitchen where the family gathers at meal time, the other huts are bedrooms for the parents, boys, girls etc...then one other could be a guestroom as space should a visitor comeThe huts are made from logs for the walls, with mud for plastering, then thatch for roofing supported by some poles.Usually fifty metres away is cattle kraal and goat pen.Milking of cows or goats sometimes would happen early morningThese rural areas also know as reserves unfortunately most were in poor /marginal agricultural areas hence a rural to urban migration has occurred.In Urban areas the land would be most owned by the council.Some former farms where annexed as the city grew.So the the Urban Council which is the local government owns a lot of land and residents register on the housing waiting list.Over time the council flights a tender for a developer to service some of its lands for the provision of houses for those on the waiting listBy service that is add roads, water connection, drainage and sewer pipeline and connect to electrical grid.The house lots are most divided into lots 200 -300square metres or whatever ideal size.The aim is to provide affordable housing for those on the register.The house built will be inspected and approved by council at foundation, roof level and finally the council issues a certificate of occupancy when house is complete and inspected as safe and up to standardNow specifically to your questions1) Yes there are some developers who not only service the land but also build some of the houses.I don't know if they rent these out but i know they sell them, sometimes with terms.Affordable houses have a going rate of USD20/room/month at the minimum.Brick wall with asbestos roofing2) The renter/buyers of these type of house could sometimes be a civil servant (i.e teachers, nurses, policemen etc), self-employed tradespeople, diaspora (those working outside the country desirous to invest back home)3)Anything of value is their salary, profits of their small business4) Hard to build?