I realize that I would have a negative outflow since I would have to rent, but the idea of 100% COC return really excites me given my very limited capital. 

Limits on charging rent?

Given the limited space in the units, I'd expect rather high turnover regardless of where it is located.  

@Austin Faux bandit signs are illegal in most municipalities along the front range.

Effectively, this limits how many loans a vet can take out because of the eventual cap. 

One of the concerns that I had was being limited on the number of residential MF properties  (I read somewhere that most banks will only finance up to 4).

For example if a home has a winning bidding price of $15,000 does that mean with that $15,000 the home is free and clear of any municipal liens and judgements or is that just the auction price.

I have read threads where people have gone to guru seminars only to be asked to increase their credit card limits to purchase training.

I'd limit your search to seasoned short sale experts, not new realtors.

This limits your income tax liability and reduces your FICA ("self employment" tax) expense.There is a two-day (two 8-hour days, recorded) tax and legal class in the education to which I am connected.