Teaming up with Mexican retail giant El Puerto de Liverpool, the family has made a $3.8 billion bid at $23 per share.Nordstrom, like many department stores, is struggling with changing retail trends, including competition from discount chains and the rise of online shopping.

I know 2 of them personally.I've also been looking for meet ups around real estate investing here in Michigan and also noticed a lack of networking opportunities as well.

Final point, for those savvy investors or second-home buyers who can find the pockets of Colorado that do allow them, you're getting an STR in a market where competition is artificially capped.

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Competition for homes will increase, giving sellers the chance to increase their prices.

The new regulations will make my offers even more competitive.

To investors lacking cash flow then Cash flow is king because they NEED it.  

If you bring the missing skills to the table, you both win and you will learn what you feel you are lacking now.Use the calculators on BP to get you focused on deals and see what works and what does not work. 

I then proceeded to dump a ton of money into capital improvements in order to make it a competitive STR (details below). 

Note that if this goes well, I would want to continue making deals there.I don't think this is necessary in this day and age - plenty of direct lenders that can offer you good service and DSCR Loans for a wide variety of situations with competitive rates - easy to find here as well.