Unless you have a specific monthly target for your payment you can spread that out to make it a Win/Win.There has been a lot of growth in Denver over the last 2-3 years and new builds as well I just closed on a home for a customer in commerce city they also moved from CA and needed a fresh start. 

As @Robin Smith mentioned, for assessing demand I used FurnishedFinder.com/stats; you can see demand data for a given city and some pricing data too.

Or is it better to go directly to the city to get the permit process?

I'm a new BP member in New York City & Westchester County.

The most satisfying changes I've made is move out of tech management and back into just engineering roles, I sold my house in the city and moved to 5 acres in the hills where i work remotely for less money gladly, I've paid off everything, and now I have the flexibility to do anything.

Orlando is the most visited city in the USA.

Does this mean section 8 is bad, NO, but this can happen in any city or state.

A nearby city with a lot of highly paid engineers.

The STR needs to be licensed with the city and can be rented out for a maximum of 180 days in STR format for a calendar year. 

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?