Mixed feelings. 

For whatever mix of these factors, the property burned through its cash reserves and has slightly negative cash flow.  

Colorado is a mixed bag, when it comes to STR's.

Thinking about taking a little cash out, mixing it with personal savings and going after another property with a nice down payment as a hedge against market fluctuations. 

I'd like to gain experience in a mix of flipping and BRRRR locally (NC), at least a few each by end of this year.

It took a while to get right - but we've had consistent success using a mix of research, mindfulness towards our neighbors/neighborhoods, conversations with cities, legal discussions, and as a worse case fallback is converting the home back to a single-family property and where we offer to manage it for a discounted price since it is a tough situation for all involved (this is very rare).Hope that answers your questions/concerns - let me know if I can provide any additional info as well.

@Robin SimonI haven't seen Single-room Occupancy or Mixed-Use DSCR go away at all...

After the 2008 crash we did a lot of short sales and we got virtually all those deals through direct marketing with a few from bandit signs.When we moved out to KC, almost everything we bought were REOs listed on the MLS.When those dried up, we started getting a mix from wholesalers, a few hidden gems on the MLS and direct marketing.

We are are also considering a commercial residential mix property with a fantastic cash flow.

Lots of people invest and house hack, or have a related side business like being an agent, or have a mix of self-managed properties and properties that are professionally managed.