Depending on a given area it may be difficult to find contractors. 

We do have a larger sample size in Denver so it is a bit more difficult to get a read on the Springs market.  

Yes you are taking all the risk but managing a flip isn't always the easiest and finding good contractors is always difficult.

He had just finished an open house for one of his clients and asked us if we wanted to take a look at it.  

Found one yesterday for a client and ended up in multiple offers, secured it but had to go over asking.

The questions/situations I am seeing are- There is a limited number of housing options here so its difficult to pick up condos far below market value, its possible just rare.

As a real estate agent I need more leads for home sellers, would contacting appraisers help me get leads ?in return I could recommend them to my clients.How do I approach appraisers  to ask for leads ?

This is my first client too. 

I have been scouring BP for any and all info I can find, but there are some things that are more difficult to find. 1.  

Budget can be up to $1M but  according to my research, it appears that the more expensive the condos, the more difficult it is to breakeven as a rental property in good quality neighborhoods.