It seems to me like the push to quadruple Colorado STR property taxes is softening quite a bit. 

rental market is softening nationwide.. you maybe priced to high.. and you don't want to just slam anyone in there because its been 30 days. 

It's definitely softened. 

@Matt LopezNot an economist but smaller banks will be in a lot of trouble, banks will also tighten lending standards making it harder for people and businesses to get loans which typically leads to higher unemployment due to cash flow issuesThis will then lead to softening in housing.

In WA, I know/thought your property values have gone done and in general everything is softening pretty good. 

There will be distress there so be careful.Las Vegas and Phoenix also have some near term distress coming (and supply in Phoenix) but pricing has softened quite a bit which could provide good entry points over the long term.

@Noah LakerThe story in STRs right now is the slight softening of revenues due to an influx of Airbnb properties during the pandemic.

Which means you are in it closer to 80k or 90k.Also, the rental market here seems to be softening up a bit. 

Almost nothing beats having a cushion of equity to soften any recession or compensate for costs/capex.  

So IF you know you can pull $1100 from this property and IF there are no other major issues you'd be cash flowing $300 per month (but that's a big IF)On wells and septic:Wells can be fine, just make sure to install a water softener.