Hey @Philip Jones.First, most lenders do NOT require property management to do a DSCR loan or conventional loan. 

There are a lot of investors here who do it in the Poconos so I am sure some will chime in on their experience.

And, as others noted, it also can greatly depend on what you plan to do with the cash, if you aren't investing it in this house.  

Him being older he wants nothing to do with being a landlord.

Also definitely do a good amount of research about rental laws in Colorado and make sure whatever lease you get a hold of is up to date with those laws.

I lived in Sound End for a bit; beautiful, walkable area with plently to do 

Has anyone purchased homes off of auction sites or even in person?

Figure out what it is that you want to do and in which market.

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

@Eugene Brown how do you want to grow?