You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Definitely look in to the laws regarding SROs in your area.

If you go into a different market and the laws change, you are stuck with a lease with someone who may not want to cancel it (not to say you couldn't have a clause in there).The main problem I have with this strategy is you are missing out some of the key wealth building factors that come with real estate.

You sell the property and owner finance it.1) sell property 2) create note/mortgage/deed of trust (depending on state); I would still accept a certain amount down, and take care to notice usury laws of your state. 

In dealing the new Real Estate Commission Law now in play.....Is anyone else getting Engagement Contracts sent to them stipulating exclusivity and buyer-responsible commission terms?...

All renovations follow a law of diminishing returns curve.  

With switching to an entirely different field, it would probably be a good idea to get a little bit of experience in the day to day operations of property management, as well as familiarizing yourself with some of the Colorado fair housing laws, minimum property requirements, etc. 

Solid operation also have a partner law firm which helps on more sticky deals.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Closing the border (aka: upholding the laws of our country) would have a more significant impact on the housing market than stopping vacation rentals.