However, when you look more closely at the underlying problem of affordability in California, you have to wonder why homebuilders are not rushing to make a buck and fill the huge demand for affordable living - they obviously see a rocky economy ahead and have no desire to be caught out like they were when the credit bubble burst.

Sounds like I'll have to rely on either their desire to stay in the house or the FC (or DIL etc) proceeds.  

My daughter is very intelligent and has a burning desire to move into this type of business and I am blown away with the time and effort she has invested and the amount of information she has already learned.

I applaud and support your desire to jump into the conversation, Edward and appreciate your contribution.  

With that being said, I wouldn't count a condo out if it cash flows and gets your desired CoC return.  

You carry out what the home desires.  

As a real estate practitioner in the Colorado Springs market for a better part of the last 15 years, I can recite the obvious...School District 20 has an excellent reputation overall, the north and southeast quadrants are some of the fastest growing and the southwest is largely quite desirable.

It would appear that @Aaron Mazzrillo and I have similar dream jobs ... save I have no desire to go fishing every day - or all day - did my share if that growing-up.

Next I would add some of your desired keywords in the H2 or H3 tags.  

It should at least be a back up option in my opinion if a buyer doesn't come along within your desired timeframe.