In your case though, I've heard of people in Denver proper with duplexes who parter with LTR tenants (you could put them in the basement) who will co-host with you and be able to get a STR permit since it's their primary residence and you can work out a profit split for the STR or some kind of reduced rent for your LTR in exchange for helping you and you being able to keep the STR runningJust a creative idea I wanted to toss out as a potential plan B or plan C!

Sell and if you want to do storage, go further out and do a B/C/D location.d. 

@Elias AzoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Class C/D area so looking to rent out after Reno done3.

@Allen Zhu @Bradley BuxtonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

My class C rentals this is a common scenario and I have this situation frequently.

A-Class neighborhoods will have a much lower cap rate than C-class neighborhoods.

@Clemens GeorgRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Originally posted by @John C Walton:I'm  a PA licensed Realtor and investor in the Lehigh Valley, so I'm a little biased. 

part of the problem though is that a lot of new investors are coming in now armed with content from >5 years ago and ready to 'retire' off the cash flow from 4 C- rentals.