It means the end their last month of rental must be AT LEAST 30 days after the notice.Post back if you need clarification on a specific item.

Items you should be asking yourself about this or any opportunity is:- Risk or Exposure - Exit strategy - Property specifics - Financing - ROI Evaluate worst-case scenario and determine if the property meets your needs or criteria.

Has anyone else specifically in Colorado or other states looked into this?

Feel free to PM me if you have any specific questions!

My weird 55.9% of the original asking price was actually oddly specific and based on comps, rehab estimates, etc. 

Here are the one's you need to use to tell yourself which way to go:If you are holding the property, or flipping it, the basic formula is the same...what changes are the specific applications and items those numbers are applied to and come from.  

Or, any resources you can point me to: books, etc. to learn more specifics about going into a rental investment like this?

They do make hoods specifically for this sort of situation. 

I specifically buy lots.

Hello @Ryan Weirick,Iowa law is very specific on this issue.