My brother does about the same thing in Colorado with another rancher. He doesn't make a lot of money on the 10-20 he raises each year, but he seems to like the arrangement.
You have some experience and a inside connection. It could work, but it also could not work. Set a budget for yourself and save for rainy days. My sister did the cow thing for a few years. She also rented her land for other ranchers. Make sure your herd is healthy and protected from coyotes or mountain lions. Also make sure your bull is healthy in regards to reproducing. I know some shady ranchers sold my sister a dud for a bull. If it does not work out you can try something else.
You know it takes money to make money and you have the inside advantage of knowing what your are doing.
It's a no brainer.Go for!!
Maybe get some Alpaca too for the fleece.
www.alpacainfo.com
www.alpaca.com

Sure, why not?
I work at a ranch and have had plenty of experience, I'm 20 and have been around it for 9 years, I always have had good communication with my boss and head manager, my mom has been manager there for 15 years so I finally thought about raising some of my own, but everyone online says I need large amounts of land, but my manager says differently the company I work for has over 70,000 cattle and none of them are in large amounts of pasture, we raise them off of milk then off to grain/pasture then sell em. He would be willing to give me a fair price on some cattle, I want 6 to start off with all Hereford. He would be willing to sell me his pasture/food all year long, and his milk replacer bags for a bit cheaper then you'd buy in the store. Short story I have perks from the ranch I work for. To me this sounds like a good idea but most people are against it because the cost of the good vs grass fed when I'd probably end up spending more money on renting out acres.