Pueblo has its problems there is no question about that. but i believe we can come back to a great city again, it would help if we could get our brothers and sisters to the north of us to stop looking down there noses, and start looking at what is good for Pueblo is good for CO. did you know there are plans to start the building of a new rail mill in Pueblo for $750 mil that is 3 to 4 years of jobs for contractors. i have worked full time in both Springs and Denver and anyone that says they dont have the low income areas like Pueblo are kidding themselves. 

I don't know what your market is but $86k/unit looks nose bleed expensive to me without spending any money on them.

Just saying ,the expenses for out of state properties is hard to manage when you have no physical, eyes on, level of work, or professionalism done,, until a problem really surfaces and then you've paid thru the nose, jump hoops to figure things out after the fact. 

A tenant fell on a very small patch of ice 2’x2’ in a parking lot fractured shoulder went to er.

If you need to fight off a dog, they are most vulnerable in the eyes, nose, and testicles. 

@Jeff Kehl I agree that deals are more likely to be found in that range, just gotta keep the nose to the grindstone.  

Invest in yourself and network My first year in the business I put my nose to the grindstone and spent all of my time working on my properties to get them rehabbed and rented.

Opinions are like noses.2.

Their noses are in books all day, they distinguish themselves academically throughout their youth.

I had an interesting conversation with the COO of a new marijuana company about rents, and he said they knew they needed to pay through the nose for property and those things were all baked in.........see what I did there?