I am a licensed Realtor, so I am planning on NOT taking a commission and have them lower the purchase price but what other strategies have you guys used in order to buy in this hot Colorado market with a FHA loan and only putting down 3.5%?

Convienant access to major job centers and a much lower price point than suburbs directly to the south make it very attractive to renters and great for cash flow. 

Or negotiate a lower price based on the feedback from the inspector.

amount owed on loan-$185k-(FHA)I have done some light rehab to update andI am considering putting 20k in and refinancing to conventional 30 year to lower the payments.

I should expand on Margate that a bunch of big money built $700K+ priced homes on spec but lower priced product is still moving.

You almost make it sound too easy until I read your comments a little lower

My question would be if you want to lower points and pay a higher interest rate, assuming you will refinance what is the closing cost?  

And for the bed/bath combo we want we can't find a place with a lower or similar monthly payments.

Now the brave ones go to lower appreciation states and hope apartments, MF will bring more cash flow for income.

If you hold them longer than a year you should be able to claim profits as long term capital gains which would lower the tax.