I have done extensive research and have tons of info - divorce decrees, bankruptcies ( I haven't done probate yet) but almost nothing to leads me to home owners.

We are also seriously considering owner occupying our first property or two.I have investigated multiple options but thus far have hit a snag with each...Since we are looking at mostly foreclosures/REO, they all need at least moderate to semi extensive repairs, which disqualifies us from most any type of standard mortgage financing. 

I immediately realized that my extensive background in construction could be a huge asset to me in investing in real estate.  

I am looking at multifamily units in Denver, but I cannot make the numbers work with 11% of rents allocated for property management (and I need it, unfortunately:  my job=extensive travel).I am aware of RE cycles and where Denver likely is.  

If you flip after a rental period, then rehab at that point in time.If you plan to flip the rehab is much more extensive.

I have an extensive estimating background using professional estimating software and also have my real estate license to help me determine ARV for the property.  

I have an extensive estimating background using professional estimating software and also have my real estate license to help me determine ARV for the property.

I am 18 and I have been doing extensive research through real estate investing.

I haven't yet looked at the house due to scheduling conflicts but the seller mentioned there is some water damage and a missing water heater but I don't know how extensive the damage is yet.  

Brett Snodgrass , Dave Visaya , and Robert Lorenz ,Thanks for the prompt and extensive answers.