With Uber I can go to a place I'm not familiar with, meet someone local, get recommendations on what to do, and feel more "at home" with a ride waiting for me. 

Lake Pueblo is located in Pueblo West which has to Marinas, Camping and miles of riding trails.  

So either you are in for a ride or you got the deal of the century - I hope it's the latter.

Taxes are right from the assessors website, and insurance is where they get us here because of the frequent hail damage.

Your cash reserve will ensure you can ride out any uncertainty if the market or economy sours, and if fed reduces rates in next 2 years you can refinance to a clean, lower rate loan.With you cash you will have flexibility for other RE and not be 80% tied to one property.DUE DILLIGENCE is your key here (act as if you are an underwriter and eliminate risks).

I want to get a couple spots in that part of town, but it will be just such a rough ride because nothing is there, and its far from anything thats attracting people in terms of on foot/bike, and frankly I'll be honest I don't think its nearly as safe as some of the other ateries into the City.

You can ride the syndicators economies of scale, and also peek behind the curtain on how a sponsor operates a deal - you earn while you learn.

If I  had to do it all over, I would have probably found a place in the west end to make base camp (I lived about 35 minute from Allentown and the commute was problematic and if we would have had the ability to walk or bike ride to stores and parks and services would have been a real plus.

Does riding out a short term loss make sense more so for that? 

@Brad Gustafson I see you are from Felton, my family had a blast riding the trains there at "Day out with Thomas"