I do have lawyers I do have credentials I'm not a shade tree "Carpenter" I have a family & so does the guys who works with me or for me, want a continuous income.

What to do with 1099 income (don't need to it for living expenses) given that I am looking to invest in a property?

You can then rent out your condo on VRBO or AirBNB while you're not home and have the property earn income for you. 

My short term plan is focus on buy and hold until I have replaced my I.T. income.  

I’m looking to real estate to secure my retirement and augment my income with hopes that I can build a business to pass on to my children someday.I’m very interested in growing my network around the Denver and Front Range area and would love start getting involved in some of the meet-ups in the area.

Sometimes I'm amazed by hearing investors paying huge amounts of money in other states when you can buy here for around 50k that brings around 900+ in rent income every month.

With my current income, I should be able to acquire 1 property per year for the time being.  

I saw the tax return I/E report owner sent me.. the income on tax return seems to be much lower than the report sheet he given me...the broker stated sometimes there is cash rent transaction between tenant and landlord that not showed up in tax return...how can I vertified this?

Then I would review the rental value of the area, review the photos of conditions to see how close you are matching the market then determine a possible income rate to compare the values if the numbers work. 

Although I can do the same on rental property but the rental income basically nullify the deductions and I feel like I am paying way too much towards my rent and might as well buy a property and let it appreciate while I pay it down.