In the very near future my generation will be buying/owning/renting the majority of residential real estate.We want flexibility, an investment, something that promotes community but also allows for independence and personal expression.

From Montrose, that still puts you in the Phoenix and Vegas markets, although Ventura County has opportunities as well ( shameless promotion) There are plenty of markets where you don't have to worry about snow or flooding.

Then get better at your job, get promotions and save until you've scraped together enough money for a decent deal.

It's used so the agent can make appointments on the houses that interest their clients, promote listings that they have, open houses, etc.

I bought these properties when there is promotion to (a) waive management fees for a year (b) reimburse mortgage expense for one of the properties until it is tenanted because it was not occupied when I purchase it. 

You can expect investors will want a preferred return of 8-12% that is paid out before you as the sponsor get any promote.

I know a guy, but I can't mention him or I'll get flagged for self promotion.

If you are going to promote yourself, then I recommend buying a PRO account. 

I was listening to a Podcast recently, #242, where the interviewee was talking about how he used Facebook (FB) to promote and "advertise" his properties.

Would recommend doing some reading on SEO/SEM so you can promote that business fairly cheaply :)