I also quickly realized that the deals Lane was involved in were not a good fit for me.One of the most important criteria when selecting a sponsor is to ask how many real estate down cycles has the syndicator been involved in?

In the short term rental business there seems to be a wide range of different types of rentals that are apples to oranges, especially from a financial perspective.

You essentially have essentially cast a super wide net and are going to get a ton of sales responses, but what I gather from your post that what you really need is a mentor/like minded investor to help hone in on recognizing good deals, narrowing your focus and absolutely protecting your capital.   

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521This will help you see the opportunities in your own back yard and here from your LOCAL experts. 

Wheat Ridge is a wide, flat city that butts butts up against the city of Denver on Denver's west side.

@Ray Loveless You can't look at this as a state-wide issue...sure there is revised code...and yes, comparatively the ORC is pretty landlord friendly.

There will probably have HOAs but with your price ranges your limited on the selection of properties.

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Yes, this exists and credit/liquidity requirements are not onerous.Many satisfied customers over the years and now open in select metro areas in 10 states: TX, NM, AR, MO, IN, OH, NC, GA, TN, ALWe are happy to assist with questions or inquiries.

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521Best of luck to you!