Think Multifamily and Rod Khielf are also good options. 

Yes, we are looking for some options if you are willing to share, we'd appreciate it!

For me, I care more about the accuracy of costs and finishing on time than the actual cost of the reach.If you really like this contractor, offer a bonus structure if he finishes on time. 

You may find them excited about either option.

Could house hacking in an area you're currently living in be a better option?

While I understand the standard expectations of lenders / investors, trying to search for the non-standard options, that would work for both sides.

For almost all investors, buying a property off of the MLS at market price in a good location to hold for 10-20 years is the best option. 

I know about some financing options that i could use and need to learn more about my local market just am scared of risk!

The homeowner will probably get tons of calls before the actual sale date giving him an opportunity to catch it early.

I have a rental home in Centennial, Co (couldn't find Centennial on the Colorado city options).