Maybe the current employment is a poisonous existence, maybe the newbie has an extreme entrepreneurial spirit, maybe the newbie has an excessively detailed plan and the capital to back him/her up for six months/a year.I agree with all of these.  

I have not invested in Colorado, but I do have something that may be helpful for you: if you're in the business of flipping homes, you may be better off flipping in an S corp rather than an LLC because you'll save some money in self-employment taxes.  

In addition to my real estate income I work at Sleepys (mattress store) which brings me to about $75,000 per year, but because my job is commission based I need to show 2 years of consistent employment in order for the banks to consider my income which leaves me in a tough spot for a loan.

Per seller, it's very easy to rent because there is a college 5 mins drive away and some other employers in the neighborhood.  

There are credit aspects, financial aspects, social aspects and the ability to guide buyers through personal finance matters, employment issues and address life experiences to improve the circumstances.

I'd look for cities with the following:1) High Wages2) Growing Population3) High Tech Employers 4) AND... drum roll.... moderatly affordable homes.  

I'm also about to leave my 9 to 5 career and am considering rolling over my employer managed pension fund to a self directed 401K with checkbook control so that I may grow the fund by investing beyond ETFs (namely real estate).

@Michael HammondYou are mis-understanding the linkages here.A Solo 401k is a retirement plan that requires you have some form of self employment to sponsor the plan.  

But, I have part time income from a job that I have been at for 1 year, because I was in school getting a degree that lead directly to my employment.

However, I can find no information on the salary structure.I am currently employed and plan to maintain my employment.