I had a tenant going back and forth to Colorado and then upon return, having weed parties in the basement of another house. 

Might need a Malibu house on the water too, maybe a ski house in Colorado too. 

Looks like Colorado Springs allows short-term rentals, but there are restrictions involved and you have to apply for a permit. 

Hahahahah ROLFL BWAAAAAAHAHAHAHAHAHAI'm not positive, but in colorado if your still in the home and somebody unwelcomed forces their way in, you can shoot them, right?

Colorado Springs has a lot of potential as well!

If not I will start searching.I do but they're local to Colorado, call around, I'm sure you can find one if you call enough people.On a side note, be very careful leveraging to such an extreme degree.

The first was zero down and we lived there for two years (Oregon) and then moved to Colorado.

None really however, if you are in the market for having a property management company in Colorado look up All County in Colorado they are really great with handling majority of issues and their vendors are easy to work with.

I prefer not handling the money since Colorado just made new laws about that.

The rub is you can get the lower of whatever is on the HUD or 70% of the ARV.