I think I'm going to have an extremely difficult time finding a property that can be turned into a buy and hold rental in the Denver metro area (where I want to live).Pros of this strategy - I get experience in the requisite types of construction that will help me out when estimating repair costs in future investments AND I won't have to settle for a property that almost certainly won't meet the "2% rule" (or likely even a 1% rule).Cone - This is no longer a passive investment.What do you guys think?  

I am extremely excited to announce that I have completed and passed the Real estate Exams for the State of Arizona and now a Licensed Real Estate agent. 

My investor does not shy from the price at all, he calls me 3 times a week asking for high price deals, I got extremely lucky this week with 2 calls for houses over a million dollars.

Given 300 square feet of bedroom space, a 10x16 master and two tiny 7x10 kids rooms is better than 3 10x10s, but it will still rent.  

That would give you a cash flow of around $4,000 on the extreme low end of each to $9,000 on a high end on each.

Use extreme caution when going out of state... look close to home first and foremost. 

Extremely ignorant in the Real Estate field "(an empty cup they say)" and experiencing what Bigger Pockets has to offer me.

Many people have mistakenly purchased liens on tiny, landlocked slivers of property that are worthless.Remember, 95%-98% of all liens are redeemed (paid off) by the owner.

My wife has zero desire to move, so it is extremely unlikely I will encounter a live in half/rent the other scenario. 

Materials are materials the reason things are 350 a foot there is labor and extreme profit form the GC and other tech subs.I will let you noodle it... :)