That tool looks to be very useful; I will take it into consideration when choosing a market!

As others have said, it doesn't really make sense to run calculations for STR analysis on a monthly basis, just use annual revenues.Get signed up with a pricing software and use the market analysis tool.

Thank you Preston, I really appreciate any and all real-estate tools that provide beneficial information. 

AirDNA is a good tool for looking into those specific areas and weighing the strengths.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

You're absolutely right, thank you for your valuable insight!

Lastly, not sure why you would need Hostaway or pricing tools for one property to add VRBO.

Before the accounting side of the business management gets too far, I was wondering if there are any recommendations on an easy Bookkeeping tool. 

Tools like Cozy or Buildium can streamline processes.Understand Legal Obligations: Stay updated on Colorado landlord-tenant laws to ensure you're compliant with security deposits, lease agreements, and eviction processes.Effective Communication: Set clear expectations with your tenants about communication channels and response times.Regular Inspections: Schedule periodic visits or hire someone to conduct property inspections to catch minor issues before they become major problems.Final ThoughtsWeigh the pros and cons based on your circumstances.

The best tools to take advantage of as a new member are the keyword alerts and local meetups.They help you find the right discussions and connect, in real time, with like-minded folks in your market.All the best to you!