Its the self appointed STR gentry, holding their noses at the problems for those feeling the full force and whiplash at the end of the city’s bullwhip. 

However because Colorado passed a law a few years ago that greatly reduced the power of HOA’s (for example they cannot foreclose due to unpaid dues or fines anymore, and the maximum fine for non health and safety violations is $500), they both decided to simply continue renting their units anyway, and just pay the $500 then thumb their noses at the HOA board.

I try not to rub peoples' noses in their own problems.  

A strong why will sustain us with resiliency and perseverance while at the same time not keep our noses so against the grindstone that we sacrifice relationships.   

Seriusly, investing is a risky business period, if you cant take a bloody nose every now and then you have no place investing.

Waiting around for 1 deal a year to avoid making down payments on other good quality product is biting off your nose to spite your face.  

Yet its the client that pays enormously through the nose as a result.  

There is all kinds of information at the agents disposal and heck they pay through the nose for it so they deserve it.

We do have pets, which def makes it harder, but If you plan to rent here, expect to pay out the nose or live in a complete dump. 

Later, with additional projects, you should be able to pay far less in interest as your track record builds.Success in raising money will depend on how the prospective investors react to you, and what they and the people they pay to say "No" see in your executive summary.