Actually, the hoa supported the safe harbor, since the banks were so slow to foreclose, and didn't want to foreclose and inherit a $20k debt.........the HOA's were not collecting any dues on those homes, so they wanted them foreclosed so they could could get new, paying owners in there.

I only started doing this for my brother because about 9-12 months ago his business started to slow substantially.Then a few months after the slowdown, his primary channel of lead generation, Facebook marketplace, changed their terms of service prohibiting service providers like him from posting services on FB marketplace.He knew I had run over half a million dollars of paid Facebook and Google ads selling various products over the years so came to me for help with Facebook advertising because he could no longer post for free on FB marketplace.

yes rents have gone up slow but it has allowed me to buy over 300 of these in the last 25 years and has paid off very well for a guy that just made it though high school.

Penny can’t double forever.It’s important to get started.It’s equally important to slow down and stop. 

I do think we are getting into a 10 year period where growth is slow, inflation is sticky, and asset appreciation won't be as much as what we saw in the past 5-10 years.

STR Market has definitely slowed down.

The only downside is it takes roughly 5 days from the tenant withdrawal until it hits my bank account.

That lower rate might cost you more in up front fees, you might get crappy communication from the lender, slow or incompetent underwriting, or something that ultimately causes you to lose time, money and/or the deal altogether. 

These are slow growth approaches, but they make it much easier for some folks to get their start, and after one or two transactions (2-5 years) a very secure foundation is laid and momentum can increase. 

Now, that's not the same as listings going down, just that the growth of listings is slowing, but it does show the trajectory is changing and I think growth in short-term rental supply and growth in STR demand are likely to balance out as those quick-cash-seekers from 2021 and 2022 sell or convert to MTR/LTR.The numbers haven't changed yet in Colorado, but if you're in this for the long haul, then I think those low Airbnb numbers are likely to turn around in the coming years.