With your background in cyber security and experience in the stock market, you’re already bringing a strong foundation of analytical skills that will serve you well in this space.It sounds like you’ve done your research and are ready to take the next step—do you have a specific market or strategy in mind for your first real estate investment?

There is no refund if you change your mind.

I included a link below to your state's association with all the requirement info.Keep in mind that getting into Real Estate is not a cheap adventure. 

Rates may still be high, but sometimes they’re more flexible with repayment options than a mortgage refi.Family Loan Structure: Since you have an existing interest-free loan from family, you could talk to them about restructuring or even adding onto it, if they’re open to it.

@Jonathan Greene I don't mind them generally but when they raise huge amounts for syndications that go south that is another story.

I opened an LLC with sisters and we were thinking of purchasing through the LLC.

Do you mind sharing the name of that type of loan/lender that allows you to have the seller carry on a second position?

To get those hours, maybe turn one or two into medium term rentals (you want the average stays to be over 7 days so they don't fall into STR status) which would give her more to do, particularly in the first year of furnishing them and getting everything set up.Alternatively, she maybe she could manage the properties but also get her RE license and try to sell a house or two a year - go to lots of open houses or run them for other agents?

While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.

I would warn you though as soon as you give an inch, the next month if rent is not paid on time you may have opened up a door of forgiveness that was not intentional.