From what I have read, if a landlord has their rentals in LLCs, but still manages them himself and does work on it himself, then that would be grounds to pierce the veil and go after the landlord personally. 

I tossed the ones that were lying on the ground.

Do you have a good amount of cash to cover your living expenses during the start-up phase of the real estate business?  

They are always looking for employees and you would be an easy hire with your gaming back ground. 

However, $5,500 is a lot of money for rent each month, even for a "compound" like we could have offered here to the right ground of tenants.  

We had seen something suspicious on our initial walk-around.In-ground septic failed a hydro/pressure test.

I would first research particular markets then after narrowing down what your looking for start meeting "boots on the ground" teams and see what it is they have to offer.Good luck to you.

So we are considering investing in northern CO, although that market looks a bit pricey right now.I’m still in the “education” phase, trying to learn as much as possible.

I like to re-phase the question by asking was is your risk tolerance.

I think its important to level the playing ground.