I am in Colorado Springs and the property is near Fountain CO.

I would be buying lots from those that don't want to rebuild up in fountain grove or Silverado wait a year or two then build some spec homes.. probably easily 2X to 3X your cash.. in 36 months or less.you could join me in my development in Rohnert Park right next to the Graton Casino... 45 minute drive to view your investment LOL... we are not suppose to advertise on BP but since the guys above me talked about their deals I thought I would throw a few out.. also Performing first trust deeds are solid for the passive investor... 8 to 12% is possible you can do that with some crowd funders and local hardmoney lenders.. we have a 9% 5 year product that gives you consistent return with out having to get paid off and find that new deal all the time.

It's rough now but is just about as close to downtown as Fountain Square is.

Not a huge deal in a roughed-in house, but could have been much more damaging.In retrospect, it was rather amusing watching the water fountain-out the toilet drain... again, in retrospect.

I would recommend Fountain Square and Bates Hendricks. 

@Robert Fountain, did you ever locate someone?

Yep Ryan and Ashley at FS are really professional folks also,anybody can be very comfortable doing business with them.Only problem now is Fountain Square is so successful there is no more deals around there😭

@Randy Fountain, the issue is somewhat semantics, somewhat attitude, and somewhat guess work.Technically speaking the only thing that qualifies a non-primary residence property for 1031is the intent to hold if for productive use in trade business or for investment.

Bonus points for strong nerd (D&D, comic, tabletop, etc.) culture in the area. 

Hi @Antoine Martel, to be honest I don't have much information on the area yet, I happen to live in Fountain and never really notice the market of Pueblo, but after seeing a few numbers I defiantly what to research more about it.