I'm hoping to develop 2 homes on the property with the potential to subdivide eventually.

So that being said, my question is this.There is a city south of me called Pueblo, CO, according to the same site rent looks like this: 1 bedroom: $6502 bedrooms: $7653 bedrooms: $963Would it be worth it to start off living there and invest in Pueblo with the eventual goal of selling my Pueblo properties and buying a few in Colorado Springs?

New investors sometimes spend a lot of time trying to learn how to set up their business, assemble their team, set up their systems... all of which are great and necessary eventually, and they make you feel busy, but none of them actually make you money.

I want to eventually buy a rental property but am worried banks won't lend to me since I would be using my first property as a rental rather than living in it.

The edges on laminate eventually peel up, and if it gets wet, that just speeds up the process. 

It was just a hobby.Anyways, we put an offer in on an acreage property that we want to raise our family on and will eventually remodel/rebuild the house on that property when the time is right. 

., so far below fair market price at retail that the repairs can be covered as well as your profit and the flipper's profit in its eventual retail sale -- or 'buy-and-hold-to-rent-out'er's profit before they would expect to get it rented -- plus the title search, closing, and any tax costs related to your purchase from the seller (usually split somehow) - and finally, the title search, closing, and any tax cost split with whoever buys it from you.Now, that someone could be you (you do trust you and your repair-estimate abilities, don't you?)

Be sure to also factor in a property manager because I am assuming you will move away from there eventually and not want to manage a long distance rental.Getting contractors is sometimes tough if you are out in a smaller town as some of them have schedules booked up for months.

Same process, but they eventually call or email.  

Remember, this would only be exercised if they failed to do their part in the first place.And do this long enough I don't care what you have in place for screening methods (mine are extremely thorough btw) you will eventually get burned.