With many young residents and strong employment growth over the past years Trulia has put Colorado Springs at number one.

@Will Foster as the post above eluded to the answer here will strongly depend on what you have available as collateral. 

Also I strongly suggest reading a couple of books, filtering the forums for discussions directly related to what you're trying to do. https://www.biggerpockets.com/forums/12/topics/318235-double-close-funding

Get a strong operating agreement drafted that outlines the purpose of the business and your individual roles in detail.Take it one at a time and grow from there!

(I tend to be very aggressive and head strong in my investment strategies).Any input is greatly appreciated. 

Wanting to have a business of our own and also to have cash flow to supplement our income and life style.

Can rent it out easy for $1,000+/mo thanks to the strong rental demand of local economy.

Even with a strong profit from a single property it would take a ridiculously long time to save money for a down payment and cash reserve for a 2nd rental.

Fourth, education and safety has always been incredibly strong in Minnesota.

@Matt Brunson you need a market with strong demand from flippers and retail buyers.