Are you nuts?!

CO is going nuts, and rents are increasing quickly, try to stay at market without pricing so high you have a hard time renting.2) Try to save as much of your income as possible, rather than spending it on lifestyle upgrades - they can come later.3) Do you have other sources?

Attics with walk-up stairs that have the space and headroom requirements are, in my mind, low hanging fruit/value add propositions.  

I'm I nuts or is thier something I am missing.

I don't want to make this too much about my particular situation- but my wife and I have been looking seriously (pre-approved for 2nd mortgage) to make our first move the past 6 month and a series of factors (Quincy real estate going nuts, work increasingly moving us north of the city, kids, family close by etc.) have lead us to ask the question if the house we are currently living in could be a viable rental.So after all that I turn to Bigger Pockets because researching single family homes/market conditions seems to be much tougher than multi-family (unless I am looking in the wrong spots).

Good luck and may the year of 2017 be a fruitful one!

Ask lots of questions and learn all you can.If you have a few thousand more dollars and need help learning how to do the literal nuts-and-bolts of home repair, then hire a contractor who is articulate, patient, and willing to mentor you. 

For example: the borrower claimed $40,000 a year of income as a seasonal fruit harvester.

Fruits of your labor will come later.

The market around here is nuts right now.