Its basically when you realize you have more properties than years to live even if you live to 100. 

I live and invest in Raleigh NC and can attest to tenant retention and ease of finding tenants to occupy my rentals.

2) How many people live in Ft Collins and work in Cheyenne given they desire the Ft Collins lifestyle?

You're living the dream. 

I think it's a fine place to invest for people who live there.  

Looking for Tips on how to find places that have multiple cabins or additional dwellings on a property that I could live on and run.

Purchase price: $52,500 Cash invested: $35,000 Live in flip.

Talk to a bankruptcy attorney.You will likely need 3.5% down on an FHA loan if you plan on living in the house.Normal amount is 20% down if not living in the house.The value of the property will be determined by appraisal, not by looking at what has sold around you.If it's a "good deal" a wholesaler may pay cash for the property to keep it from going to sale.There are a lot of variables when buying foreclosures, and usually a lot of surprises.Have reserves ready to spend. 

Live there for 2 years, then rinse and repeat.

I live in South Florida which comes at a higher price point.