My thought is to buy a large home, alter it slightly so it's set up for roommates instead of a family, and then rent to individual professionals that work at the hospital or local school district.  

In my opinion, it is the BEST strategy for first timers - you get the buying experience, the property management experience, and you get to start building equity right away (especially if you live in Denver).

That's a terrible idea, one of the worst things you could ever do when buying your personal residence.

-Say it takes you 2 years to save up enough to buy a property, and house hack.  

I was wondering if anyone had any book recommendations on how to  buy a business and/or how to start a business.

One is a duplex, and the other is a single family.Which one to buy?

I am negotiating to buy a CFD in SC. 

Primary Residence Financing: A Strategic MoveFirst Home as an Investment: Buying SmartAs many of us have heard directly from David Greene and others on the Biggerpockets podcast, the strategy of buying a primary residence every year with a low 3.5%-5% down payment and then renting the previous home when you buy the next, is a strategy that all new and experienced investors should be taking advantage of!

I am a first time out of state investor interested in buy my first rental property in Detroit that can cash flow after fixing and gain equity.

Currently I have the ability to purchase a single family residence for a price that won't cash flow unless I add an in-law suit of sorts.