Hey @James Carlson thank you so much for the perspective! Agree, not really buying in Colorado for pure cash flow and are more viewing it as an appreciation play. Our two SFHs are actually in Arvada, which we love as an investment area, especially with the new lightrail. But with our scale goals, it's a bit more expensive than we'd like, which is why we're looking at somewhat more affordable markets. Assuming that's how you ended up in the Springs from Denver as well? I think ultimately we would look to buy a couple more doors in Colorado and then invest additional dollars in the Midwest (eyeing Cleveland) to create a portfolio balanced in cash flow and appreciation opportunities.
Haven't thought about short terms in Arvada - Is there a healthy market for that there? Changing legislation continues to make me nervous about short terms. Plus I don't live in the area so would have to outsource all the mgmt and turnover process between visitors. Would def be open to it though! An interesting thought
