For a beginner I would highly recommend against blindly purchasing a property if you have zero clue of what is going to go into fixing it.Do you know a contractor good enough to walk you through a perspective property so he can explain how he arrives at repair costs? 

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Start here:http://www.biggerpockets.com/starthereFind and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead the Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcast: http://www.biggerpockets.com/renewsblog/category/podcast/Good luck and hope to see you around the site!

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and don't forget to set up your Keyword Alerts!

If you haven't already, make sure to check out some of the following links to help you get started on the siteStart here: http://www.biggerpockets.com/starthereFind and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead the Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcast: http://www.biggerpockets.com/renewsblog/category/podcast/The buy and hold deals are definitely scarce in Colorado at the moment but I bet you could go to a place like Pueblo (an 1.5 to 2 hour drive) and find deals that work.

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and don't forget to set up your Keyword Alerts!

Personally I would partner to keep from making beginner mistakes.

I recommend reading "The Ultimate Beginner's Guide to REI".

Here are some new Member TipsTip # 1: How to Use @Mentions on BiggerPocketsTip # 2: Setting up Keyword AlertsTip # 3: 25 Tips for Real Estate SuccessTip # 4: Check out the Start Here pageTip # 5: Check out BiggerPockets Ultimate Beginner's GuideTip # 6: Listen to BiggerPockets PodCastDon't know which one to listen first..listen to BiggerPockets Podcast 108: Building a 350 million Real Estate empire using the 10X rule with Grant CardoneTip #7: VotesTwo things you may find useful:1.