There is a strong demand for rental houses in Highlands Ranch. Thus, investment houses here tend to be a safe investment. I've bought a property every couple years and they are all rented out. I always do a remodel, averaging $20k. My main considerations are the plumbing, electrical and roof. I want the house to be safe and relatively maintenance free for at least 5 years.
If you are interested in getting into the market I can guide you through the process.
Here's a video of a recent project: