I made a post over in the Starting Out section but it didn't get much traction. Really looking for feedback so I'm giving it another shot in the general forum.

Colorado Springs Metro vs Nearby 'Rural" was the Title. Trying to just get straight to the point this time.

The response I got was to never invest in anything rural.. but then i felt like maybe my definition was incorrect. just to clarify I would have never considered this place Rural in the literal terms. I only referred to it as that because when I ran the neighborhood scout report it came back saying density was "rural" level.

(Link to old thread .. no need to click just linking it --> https://www.biggerpockets.com/forums/12/topics/1166206-seeki...)

Ill try to attach the report here to this thread not sure if i can do that .

below ill also give some general stats so you have a better idea of the "Rural" I'm talking about. I'm looking to purchase a new build in this zip code. maybe ill be getting in before major expansion? maybe its at its peak now ? etc etc

Population of Zip code : 34.3K as of 2022 Dec +4% from Prior year +11% from 2017
Population of County : 169k as of 2022 Dec (Comparison to the Colorado springs El Paso county population of 740k)

Because this will be my first Multifamily as well as my first time being a landlord (Just not my first time purchasing a house. currently about to leave my previous house hack into this duplex) , I'm very much in love with the idea of very low CAP Ex Repairs needed in the first 5 years, the tenant quality applying to a new build unit in a new community, Just a much nicer and newer product for the money . I'm 30 years it would be nice to have a property that rents like a 1995 house does today and not a 50-70 year old property like a 1970 would be at year 30. Location of the unit is right up against that Lake Pueblo State park too. I actually frequently go there with the family in the summer.

I would greatly appreciate any experiences, advice, or considerations that could help me weigh these options more effectively. Have you invested in either a Local Metro or a Nearby Rural area? What factors did you find most crucial in making your decision? Any lessons learned or pitfalls to avoid?

Thank you in advance for your input. I'm looking forward to a discussion that will hopefully guide me toward making a well-informed choice.

- Robert-Lee