I just passed my real estate broker's license and am ready to hang my license in Colorado .

It looks like to get started, I will need to do my first deal out of state, perhaps in the Midwest or the South.

House hacking is a great way to get into REI, especially a multi family. 

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

Option 1 if purchasing rent ready unit at high LTV will be cash flow negative.  

You can probably get a construction loan to build on it, but just to buy without an immediate building plan on just to speculate that land prices will go up, unlikely, as there's no income stream. 

Get that low down payment and he can start building credit.

Initial purchase was in August and contractor committed to get the house renovated in time for us to get it into the mls by Labor Day.

What type of marketing should I get into to get the best result?

2 not so nice single family homes and long term rent get a duplex?