Anywhere in Denver/Boulder area in my price range?

[Dylan Wright]

Hi, I'm 22, single, with very modest student loan and car debt, living in the Boulder Area. I don't have a lot of money, but I'm making enough to get by. What I want to do is buy a single family home, live in it for a year to satisfy FHA requirements (and if at all possible rent out all the extra rooms during that year to help pay for the mortgage), and then rent it out. Problem is, Denver is nuts right now. And so is everything within 50 miles of it seemingly. Are there any neighborhoods where I can still find houses under 70-80k? I don't care about the property value bubble in Denver right now, but I want to take advantage of that sweet sweet 3% vacancy rate. Anything within a half hour commute to Boulder or Denver would work.