This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.Once you find the materials you want to use in your rehabs, put the material pricing into your Estimating Tool or spreadsheet that can be used for future reference.For example, let's say you go on Home Depot's website and you see they are selling crappy builder grade vanities for $250 to $500, moderate grade vanities for $500 to $1,000, and luxury grade vanities for $1,000 to $2,000+. 

If your income allows you to make up negative cash flow for a season, you could potentially buy in a place like San Diego or Vegas or any growing city that will have reasonably moderate appreciation over time in a city you enjoy.If you know you want to stay in CO, you could look in markets with lower price points just to start collecting properties and at least you have options.