Looking at anywhere from 20-27% management fees + some other costs, so if you're doing it all yourself and offer the renters an attractive and affordable space, then you're going to see plenty of ADR and cash flow.

As I said I really like Longmont long term as it’s improving, but there’s also a reason it’s still affordable compared to the rest of Boulder County.

I have love for mobile and manufactured homes as well, more so because they seem so affordable and some of them, very spacious...

I don’t know that I could afford to close much earlier than the end of my lease because rent plus mortgage would be a bit much (I’m waiting to hear back from my office on subleasing in case I find something sooner).

Until you get pre-approved you will not know what kind of home/building you can afford.

You can find her an affordable apartment before she steps off the bus.

STNL 3 million and below about 75% are all cash purchases and maybe 25% financed. 4 to 6 million and up about 75% financed and 25% cash ( the investors even with all cash generally do not like putting into one single property that high of a concentration of cash).So for example depending on your 1031 proceeds for your first exchange and whether you will add more funds to that can depend on what type of property you can afford.

Know what you can afford. 

Also, Prepayment penalties can be rough on someone with "not a lot of capital", determine sale time, rehab cost, and more importantly can I afford to flop on this project?

The market here offers an affordable hefty return.