Hello Paul,Agreed with you and @Mohammed Rahman, this market has been super competitive and there is no inventory surge in sight. 

In this post-pandemic landscape, metropolitan areas remain the hubs of economic activity.

Also, what if I can't find people to live in the home?   

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

As a property manager I've built up a rolodex of reliable professionals that I provide for all my clients, however in self-managing you will have to invest some of the time in finding those professionals for yourself.

@Ben SyzekFor long term rentals in Colorado Springs you will need to find a deal at 50% ARV (This is very hard) or do a large down payment of 25-35%.

I think you'd find it very helpful in your situation.

Are there strategies, financing tips, or resources you’d recommend for someone in my position?

This is a group of MTR investors who have small to medium portfolios, but we welcome new investors who are just starting out as well.

Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is.