They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

For the majority of the properties we manage for our clients, we pass the yard responsibilities to the tenants.

There are lenders who will do 15% down, but the terms will make the loan impractical in the vast majority of cases. 

Location is crucial for short term rentals and it is better to fit the majority needs than to be a specific kind of rental.

Relationships always build better more profitable relationships.  

Neighborhoods near major employers like the AFB often provide reliable rental demand, which is a great foundation for a long-term hold strategy. 

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....

With a condo it might be less risky because of HOA maintaining the major capital expenditures. 

I am estimating to generate $8k per month net profit, on the low end.