I have a listing coming up that is Zoned R-2 in Denver.

We do have a few deals under our belt up in Michigan and looking forward to our new adventure in Alabama.

Congratulations on the upcoming wedding!

You make $10k from STR, you have to come up with $22k out of your pocket, not to mention the upfront $100k down payment and possibly another $20k to furnish the house unless you bought it as an existing STR.So in summary, in today's market, it's impossible to buy a STR and be a passive owner and still make enough profit to cover your mortgage payment. 

4.Tips to avoid similar issues in the future?

Most people bring their own.We also have a bin of razors, q-tips, cotton balls and even a bunch of contact lens cases in the master bath.

It's a beautiful property up in the mountains.

Just make sure the other two assets can still cash flow with the debt you put on them.I have an 10 unit commercial property that is basically cash flow neutral because of large Capex expenses that come up every year.

That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!

I am also in the engineering field (Civil and Land Survey).