With best output and cheaper cost.

I have started to look into possibly buying some turnkey properties in the midwest, where property values are cheaper.

This requires more work but is cheaper and provides more flexibility.  

I would love to buy cheaper, but that is not possible in Colorado.

Those are often the ones with the most upside potential, and the 203K (either partial, which means sub $30K renovation, or full, which means over 30k renovation cost) includes the renovation price in the loan for a slightly higher interest rate (but that rate is cheaper and easier to get than a construction loan).The turnaround on FHA loans is often a little slower than conventional loans, so you'd be well advised to find a good mortgage broker or banker that works with them principally - a person with a "can do attitude."

But after the closing costs on the loan, title insurance is the next biggest ticket item at the settlement table and it's almost never cheaper for the buyer to pay that to save elsewhere.

I would have gotten an attorney involved a lot sooner, but your strategy ended up being cheaper. 

If you are looking for a cheaper alternative to try, use Ozium.

Fasil Khan is there any place that you'd recommend to invest I just think that it is a lot cheaper down there than up here

No it does not meet the 1%, because I need to achieve $3000 in rental income and I will be living in the bottom cheaper unit.