Invest now at a lower cost or save for higher cost area later?

[Cam Fabbri]

Hi everyone, I'm looking to buy my first investment property. I'm currently living in western MA (I'm from here), where a multifamily home can go for ~200-250k. However, I'm planning on moving to the Denver area within a year or so, where obviously prices are a lot higher. I have enough saved for a 20% down payment on a multifamily home MA, and am able to continue saving very aggressively. I'm wondering if I should use what I've saved for a down payment on something local, or continue saving such that I can use that as a down payment in CO. Looking to learn about the pros/cons of my available options. Thanks!

Cam