It's a possibility here, even more so with some of the market correction we've had, but I think the price point makes more sense if you have the flexibility to live outside of Fort Collins, even if it's just for a couple of years.

In the middle of a sale of my parents condo and it's been 5 months and we have not closed due to title companie's lack of communication, instruction and then bringing an outside attorney into the fold to assist that has dragged this on even further.

This applies even if your spouse didn’t own any interest in the activity and you and your spouse don’t file a joint return for the year. 

Even with the high lease rent, I was still able to cash flow it.  

Even if your cash flow isn’t huge at the start, remember that rental income will grow over time as you increase rents and pay down the mortgage.

They are single hung vinyl- but in my opinion perfect for LTR.

That being said , no first deal is perfect, and you have a lot of the pieces of the puzzle, so I'd for it if the numbers are even close!

I've been "analyzing" some properties on Zillow for practice and to see if this would even be feasible for me to accomplish, I haven't found any properties under 4 beds that would cash flow, however there are properties that have more rooms within my pre-approval price range that look a lot better on paper.

I'm even hesitant to give you the web address I'm about to give you, because if you haven't looked for it and found it already before coming to the Bigger Pockets forums to ask strangers for help, you're way, way behind the eight ball.

but the same thing will happen, if you do a HELOC you will get even higher rates and if you do a CASH OUT you loose that great interest rate you have on it now.