If you're willing to put some work in or willing to go further out from downtown, you can occasionally find something for under $300k.What's great about Colorado Springs -- say, versus Denver -- is that the laws surrounding Airbnb and short-term rentals are wide-open, so you could do an Airbnb in one of the other units. 

Oops:“Be aware that even with a property management company on your payroll, you'll still need to make occasional visits to your property to make sure that what managers and tenants tell you matches reality.

Occasionally, there will be articles about certain parts of the city that has plans for revitalization. 

I feel like I'm able to articulate the importance of a 5-star review, specifically, without actually asking for it/implying they should leave one even if they don't feel it's deserved.There's always going to be the occasional person who doesn't get it and thinks 4 stars is perfectly fine, but hopefully this strategy heads a lot of that off at the pass.

However I have placed back up offers many times usually I never get it but occasionally I will get a call hey first offer did not close your now in first position.

Back when I was doing multifamily brokerage we occasionally came across some great deals on LoopNet that were posted by brokers who severely under-priced them.

We plan to market it as a STR, and occasionally use it for ourselves (we know it needs to be less than 14 days/year for tax purposes). 

Not to mention the occasional opp. for them to buy a note at discount, finance a very low LTV property, etc.

Don't get me wrong, I have to communicate with my tenants, have my plumber stop by occasionally, but as a whole the property is in great condition and doesn't bring me headaches.I want to purchase another double in the area but be a bit more firm in getting a property for the price that has a better cash flow.....now I just need to find out where to come up with a 20% down payment!!

From what I have read though if you employ solar and wind power generators then you are pretty much set, because if its not sunny then its likely stormy which means more wind :)Basically the civilization systems include everything you need to live a civilized life on an island, are completely self sufficient (you could remove the generator if you didn't mind the occasional black out), and again not as expensive as one would think, especially with the "go green" attitude really coming into play now a days, you may even start to see these kinds of systems becoming available to the rural population, and as economics dictates, the more widely available something becomes, the lower the price tends to be.Just thought I would throw what I know about islands out there for everyone.