If someone has a deal that they are up over $1m (including the small cash flow) and I was starting out, I would be all over the financials and the plan. 

As someone who wants to avoid starting over, I’m extremely cautious about who I partner with.

It's a new suburb just starting out ,there are no large single family rentals ,it's mostly townhomes that are being rented out, which falls in 2500-2700$ .

I recommend you go to the source and educate yourself on all the landlord-tenant laws, particularly in an increasingly regulated state like Colorado.Here's a good starting point: https://doh.colorado.gov/landlord-rights-and-responsibilitie...

I think Rooms to go would be a good option to get you started given your distance.

It's no guarantee but it's a good place to start.

There are easier strategies to start your new venture.

Quote from @Adolfo Herrera: I recently bought a piece of land(cash) in my hometown in Texas and I am looking to start building a home to sell.The lot sits in a new neighborhood and is in the more affordable side of the Rio Grande Valley.

I recommend you start with what you know, at least with the bulk of your IRA.

While this trend is already common in downtown areas, will it start reshaping more traditional suburban neighborhoods as well?