@Arturo Borges Not too many flippers in the high-end flip game.

(Prices in the last decade have been a few years behind Denver.)A lot of people are interested in the Midwest (me and my wife, for instance), but if you're looking for something close to home, it's a good play. 

Raising money has never been easier since it is sitting on the sidelines looking to get in the game with a great property.

They have more skin in the game then you do.Make sure you get clear title.

@Shanae Williams have a game plan for your rehab timeline and exit strategy and follow it strictly.A lot of people buy their first house as an "eventual investment property," get comfortable, end up staying there for years and never make it a rental property like they initially intended.Great idea if executed properly.

The point is, I know the area well and I'm already 1 or 2 degrees away from the most valuable players in the game here. 

I haven't been in the game long enough to know what the gurus were talking about 10 years ago.  

I would recommend end game being a MFR buy and hold for both.

That was going to be  my game plan...let the expectations be known and treat him like any other tenant both when screening and if they end up agreeing/signing a lease.

I would say it's a high risk / high reward play.