Choosing the best market to get started

[Samuel Watts]

Hello, I am new to RE investing and am looking for some advice. Let me fill you in a bit. I am currently living in Lexington, KY and am planning on being here for about a year or so before moving back to Colorado where I have previously been living. The market here in Lexington is really hot right now and deals are hard to find, but they can be found.  That being said, the prices of homes are substantially less here than they are in Colorado. 

I am starting out with around $50,000 to invest (also great credit score and cosigners if needed) and can probably find some decent homes here in Lexington that I could buy and flip in that price range but not so much in Colorado. Should I go ahead and invest in my local market or save to try and invest in a much higher priced market in Colorado once I get back?