Overall, gained $260K in value (based on appraisal) while investing $220K Lessons learned?

I will continue to look for properties near military bases, rental history has been fantastic.

Just start looking for properties and let the property property decide if it wants to be a flip or a rental based upon then numbers. 

How strong is the mid term market in the teller county and springs areas?

And others have pointed out that building in flood zones can be much more expensive with special permits, requirements like living area starting above base flood elevation, probably more than the $25K difference in the lot that's not in a flood zone.  

Like you mentioned, 80% of our economy is based on tourism, so take a macroeconomic view on this, and all the subsidies we see in health care, construction, government jobs, low property taxes, etc. are all because they're being paid on the backs of tourists.

I'm planning to use VAs to help with the first part that you mentioned - qualifying homeowners based on interest in / willingness to sell.

I'm not very familiar with how flat roofs work, but I'm going to relay what my handyman told me, based on what he saw and the account of a tenant who witnessed some of it:-They tore the existing off the roof, did not replace any sheeting.

Too early to tell about 4th quarter.I agree strongly about pricing. 

Hey Jeremy, You could refinance based on the new appraised value (not the purchase price) as long as the property has been seasoned for 90 days.