Now is not the time to cut your teeth in new construction because of material shortages, labor shortages and declining demand due to high home prices and high mortgage rates.

My two cents worth of advice; don't cut your teeth on Class C as your first investment especially if you aren't within an hour or two driving distance.

By the way... before you think about removing the paneling take off a plug cover and verify there is sheet rock behind the paneling.

The square foot cost will not equal a stick built house with a rocking chair on the front porch.

If not, rock and roll.

Road surfaces themselveswill be either crushed rock or crushed asphalt on Geogrid mesh; orconcrete.Driveways- Generally 25 feet wide with approximately20 foot shoulders; about ¾ mile in length in total.

A rock star property management company will be able to handle everything for you.

Would anyone be able to recommend a tax professional with experience working with first time home-buyer/investor in Castle Rock, CO?

Is there anyway you can mitigate the flood risk by building a rock wall?  

I listened to Ken McElroy's podcast, too, and I don't think that this is the type of property he would buy (or try to cut his teeth on).