Im looking to get some advice on a deal I have. I'm not sure if my plan is even possible so I would appreciate any feedback.

I have a well kept 3bed 1bath 950sf single family home under contract for 16K with ...

If your goal is to maximize your Cash-On-Cash returns by acquiring low cost properties in C areas while doing as much as you can to mitigate the trials and tribulations of high turnover, crime, and unreliable property management, then you should probably start elsewhere.If you don't know which of these strategies (or which strategy in-between these two) is the one you want to utilize, then the only thing that is clear is that both of these (and all other) markets are wrong for you.

Team BP,I acquired a property via foreclosure auction with cash in the name of my LLC.

This will be a moving target for years to come.Another point, if you do a high-risk loan, don't forget to have an independent appraisal done within 180 days of you acquiring the property and at no cost to the buyer. :)

My goal is to move to Colorado in a year’s time and acquire a job in real estate somewhere around the Roaring Fork Valley.

If you refinanced for 68k you would only be pulling out 4k.I am all for refinancing if you have a plan for using the capital to acquire more properties and increase cash flow.

The last six REO's I acquired, not one made it onto the MLS.

I don't have CPM designation, however I'd love to acquire it for a variety of reason, including but not limited to;1.

I'd like to learn the ins and outs of deals and the process of acquiring the properties.

He originally acquired the house as a primary residence, later converted it to a rental property, and the ARM will reset in '15.