Potential opportunity for STR but not sure if it's a good idea

[Austin B.]

I'm interested in getting into STR. I'm in the process of selling my home in Utah and although I don't know where I'll go next, I DO know that I don't want to be permanently tied down anywhere. I'm a single guy and I just need a little more flexibility in my life at present.

My parents are going through a divorce and one of the properties they own is a small but immaculate cabin in South Park, Colorado. My Mom takes unbelievably good care of all her property, so this cabin is absolutely top-of-the-line. As part of the divorce they need to sell the property. I am considering purchasing it myself. I did some cursory research on AirDNA and the numbers look pretty good -- 77% year-round occupancy. This house is an hour from Breckenridge and 2 hours from Denver, and two hours from Colorado Springs. Despite that, it's very quiet and feels like "the middle of nowhere."

How would I go about researching whether this is a good idea or not? I can not manage it myself, so I would have to hire somebody to do that for me.

[Bruce Woodruff]

Don't forget to do your own research on VRBO and AIR, comparing similar properties. Air DNA is just a computer algorithm.