However, here in Colorado, there is a mandatory 7-day grace period!

I was in a similar situation in Colorado.

My fathers Company (Rubi Business Corp) just recently purchased 180 acres of ocean view property in Tambor, Costa Rica.They are doing a development there at the moment.

There seems to be a good amount of development over there, including small multifamily (their zoning seems to be a little more favorable for this than most of Englewood, although take a look at Englewood's zoning map since there are definitely areas where they do allow small multifamily properties).Lots of Lakewood falls into the same type of boat, some neighborhoods I've explored have been Harvey Park, Ruby Hill, and Mar Lee although there are other good ones around there as well.A lot of my friends and fellow investors/househackers really like stuff further north in Sloan's Lake (already a little too developed for me at this point, although still deals to be found if you're willing to really put the work in), Wheat Ridge, Edgewater, and Arvada (Old Town Arvada is actually a really awesome spot to check out!). 

Let me know if you are curious about the market here in Colorado and the reasons why people decide to make it home :)

@Barry Ruby Sent, thank you.

Barry Ruby also shares a ton on knowledge. 

Mark Ferguson is a Colorado guy (where underlying prices have skyrocketed) who discusses some about investing in Florida markets because of the increasing prices in the Denver area - i.e., he can't adequately cash flow locally anymore.

My first host family in Grand Junction Colorado got into real estate investing at age 18, long story short she is now a very successful investor and business owner.

In regards to finance, we own a home in Colorado where we could probably get a Line of Equity loan for $25K or so, and I know there are hard money options, but to be honest I'm not quite sure what is best.