And if that's the case my real ROI is 7%.My idea is, I could sell the property and invest somewhere else the capital and get more than 7% (stocks for example, I know it's a different risk, just doing the exercise), or am doing the math incorrectly?

If you don't perform under the terms of the contract, Seller can exercise remedies as outlined in the contract. 

I have talked to a few real estate agents in the Colorado Springs area but most contacts aren’t really knowledgeable or willing to take on a mentorship role or helping others.

Different skills for different roles.

A contract could exercise one or both or neither of these, and both operate independently of each other.I told you the Devil was in the details.

He will likely be challenged to take on more of a development role on the next project(s). 

Especially if you aren’t sold on the area and may want to not exercise your option to purchase.

I'm currently working as a purchasing manager in a manufacturing company a bit north of there, but will probably relocate soon after we find a good property.I'm a bit of a nerd, very into video games and role-playing games, but I also have quite a bit of experience fixing minor things around the house from when my parents made me as a kid.Looking forward to hearing from you all, and participating in the community!

And that is in an environment that is more open than what you are looking at.Another exercise to try - buy a half dozen traffic cones, the taller ones that are 20" high or more or pound some stakes in the ground. 

@Ira JeterWhat role are you playing here?