Beginning your investing in a lower income city and moving?

[Account Closed]

Prices in my city (Colorado Springs, CO) are extremely high. Here is what the average rent looks like according to apartmentguide.com:

• 1 bedroom: $1233
• 2 bedrooms: $1441
• 3 bedrooms: $1847

That being said I can't find even a duplex for under $300,000. I plugged one of these (https://goo.gl/aMtM7K) into the rental analysis calculator here and it would require a $73,000 down payment. Something will be pretty unobtainable for me starting out. So that being said, my question is this.

There is a city south of me called Pueblo, CO, according to the same site rent looks like this:

• 1 bedroom: $650
• 2 bedrooms: $765
• 3 bedrooms: $963

Would it be worth it to start off living there and invest in Pueblo with the eventual goal of selling my Pueblo properties and buying a few in Colorado Springs? Would it be wise to stay down there? Or not even start there at all and just focus on Colorado Springs? Am I looking at this in the wrong way?

Thanks!