Moving from Memphis to Denver (Should I Invest Long Distance?)

[Sheronda Nichole Williams]

I'm a real estate investor newbie!  Long story short, I'm from Memphis, TN moving to Denver, CO in a few weeks.  I'm in nonprofit management, so you can imagine why I MUST acquire other forms of income to achieve financial independence.  I'm looking to buy my first rental property.  Of course, the Memphis market is totally different from the Denver market.  Ideally, I would love to house-hack while in Denver.  However, based on my finances, I don't think I can afford a property over $135K (I've got to check with lenders to confirm).  My question is would it be wiser to purchase property in Memphis and manage it long distance or is there any option for me to buy  decent property in Denver to house-hack?  Any guidance would be greatly appreciated!