STR Advice in CO

[Charles Frazier]

Note: New here - but reading the Short Term Rental, Long Term Wealth book and going to sign up for the STR Bootcamp in June.

I currently live in Denver (own in the Sunnyside area) and looking to purchase my first STR in Colorado. Ideally this would be in a mountain town area, but know licenses are strict/prohibited - but curious to know about areas such as Bailey/Evergreen/Frasier/Grand Lake/etc. My budget is 100-150k(max) all-in and would like a mix of cash flow and appreciation. Additionally, we would use this property for personal use when not fully booked up. No strict requirement on Condo/Townhouse/SFR. Any experts in the area to help advise?

If mountain towns are not a attractive investment then I have been looking into Wheat Ridge/Arvada area. Would love to learn more about investors in these areas and what type of CoC/Cash Flow/Regulations are out there. Thanks for any info!