I'm from Dominican Republic, no product like that out there. the best option is to buy with the proceeds from the states. 

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Also, since you like Sherwin products, their Superpaint works pretty well for this type of application.

They wanted money, I wanted their product.

I don’t mind someone pushing their product, as long as it’s acknowledged by them that they are bias because of it.   

One theory is that the investors see population increasing in these areas and are willing to deal with the ridiculous local laws This actually isn’t even necessary true, the placest with the biggest per capita housing production or “investment” is in the sunbelt, the expensive cities produce a shockingly low amount of housing, obviously zoning laws play a huge role in that as well, but even when you looking up institutional investment in existing properties it’s mostly in the sunbelt, most people who own big buildings in hcol areas just bought them decades ago when they were much cheaper, even D.C. has has like a 4-5 fold increase in value in some areas in the last 15 or so years.

I look forward to reading all of the productive and helpful posts you and others have posted as I believe in becoming the best investor and property owner possible.

Like everyone said.Grab up @Avery Carl's first book - https://store.biggerpockets.com/products/short-term-rental-l...Then grab her next book which is available for pre-order - https://store.biggerpockets.com/products/smarter-short-term-...Seeing as you are new the STR business, these are great books to grab up and read.

Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)?

Even after that time passes it depends on the state what actions you may take but in my state for a relatively modest fee you simply have a constable post a notice and physically remove them 10 days later.