Colorado Real Estate Investor

[Shane Malloy]

I am a new real estate investor from Colorado.  I am looking for my first investment opportunity for a rental income property.  I have been doing a lot of analysis on properties in Colorado and have been having a really difficult time finding any opportunities that would be cash flow positive.  I am new to this so I'm sure there are opportunities but I may just not be finding them.  For the people investing in the Colorado market, is my assessment off?  

Also, how risky is it to start with long-distance investing for rental property investments?  I am finding a lot of other markets were the economics and cash flow make much more sense.

Thanks,
Shane