Hard money is very expensive and can eat up all your profits fast if you don't know what your doing.

Is this a Chicken and the Egg reference?

If you end up purchasing a property far away, you'll have to either find trustworthy tenants who will take care of the property for you (mow the lawn, keep the place clean, let you know when issues arise) or you'll have to hire a property manager, which just eats into your profits.  

I want my whole portfolio to have low-rate stable financing or sold by the end of the year.This isn't going to be over when people can eat out again.I can't help the sense of deja vu from when Bear Stearns collapsed. 

My biggest concern is the all you can eat buffet mentality once the renter is in place.

An eat-in kitchen is fine. 

The dining room is big enough to make an eat-in kitchen, but still no dining room.

If we shoot low on those three (8 + 2 + 0), then 10% "eats" another $180 of your income. 

One of the more interesting in the area is that people are selling in the Denver area and moving down to Pueblo West where they can build brand new for less than they sold for and still keep a nest egg around.

Taxes are just almost double what they are in Oklahoma so I see that eating up a lot of cash flow.