Here you can test the waters with 3.%-5% down, have your own place, and then see if you want to continue investing (chances are you will:))

I haven't actually used property management in Houston, but if I ever do I was thinking of testing out Emerson Property Management (@Cameron Tope commented above) as it seems like they have good reviews and good pricing.

No penalty to let project die slow death and collect salary, travel and advertising money from it.This is data, everyone should make their own data driven decision based on it.

Having said that, I modeled out 7 investment options and used historical data to predict the future returns.

And you won't find more accurate or complete data.  

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

The idea was to find a property, 4-plex, that would allow me to break even, cover the mortgage, and hold onto it as a long-term investment.However, analyzing the data and really coming to terms with Colorado's market, I’m rethinking my approach.

I now have to have the entire property tested.

Of course it has to level off at some point - but the data shows the net migration increases out paces the housing units in both for rent and for sale.

When someone presents to "tap" Private-$ we want to do as little thinking as humanly possible, that's to say the burden is on you the proposed borrower to present a complete, detailed "pitch" outlining the allocation of every cent, contingencies, time-lines, data supporting each action item.