Military Move - Rent or Buy in Denver
BP,
I just found out I could be moving to Denver, CO for my next set of military orders. I'd be stationed at Buckley AFB. I just started looking at houses and it looks as if prices are extremely high. I will only be there for two years, so I'm wondering if it's better just to rent and invest my money elsewhere in cheaper areas of the country, or look for a place to buy.
If I was to purchase, I'd want to buy a house that I could hold on to and know that I would have positive cash flow as a rental after I move. Does anyone know of any areas of Denver where this would be possible? From a very quick look on the internet, it doesn't look like there is anything on the market right now that would pass the 1% rule.
Remember, I'd be living in it first with my family, so I don't want to look in the bad areas of town. I'd be open for a rehab, as I've done some fix and flips in Texas. And I'd be ok with a longer commute to work if the location was right.
Would love some recommendations from local Denver investors/realtors.