@Carl FitchI have represented many buyers over the past year that were in the sub 350k range, and here are a few points that I will make that might help you:Firstly, anything under 350k is in the MOST competitive price range.

Muncie has a significantly larger renter pool because it's a college town, but the PM side is going to be more difficult because most of the tenets will be short-term (and there's a lot of competition). 

I’m still pretty new to all this, and I’m looking to buy a rental with a cash offer if possible because it will be competitive.

there are some decent deals in the NNN space these days with less competition I found .. and management is simply not as intense.And I agree Scott Meyers offers a wealth of info on the SS space along with some really good networking with those that attend his mastermind

I did not cover all of the details so forgive my lack of depth in this response.

Although, there are limited areas around Denver that allows that so not sure how quickly that will happen with the competition. 

Ok that is the mental side of it.Next we have the lack of any decent number of housing being built since the over supply from the 2008 crash. 

The market is super competitive (at least here in OKC), and having a local lender is sometimes key in a deal. 

@William RiesnerIt's a competitive market out there. 

Lately, I've been receiving calls from possible lenders and the conversation is about the same because of the lack of experience and that's okay, that being said I and considering hard money lending.