For those buyers it's called "parking their money".

These investments often don't cash flow a ton but they are turn key with a builder's warranty and a great place to park money and enjoy the tax benefits.

It is near Woodland Park which is having problems with allowing new permits. 

What's really interesting is to see some of them being redeveloped into housing for seniors.Also shopping patterns have changed with work flexibility, so many of these malls don't need as big of parking lots that they once did when people could only shop after work or on weekends. 

My husband and I run a MTR in Lincoln Park that was previously renting as a LTR.

Sunrise on the other hand invests in mobile homes and parking lots for the most part.  

In addition to finding a spot to park you money between loans you may just need more deal flow? 

Permit eligibility is based on region (usually the west side of town) and density (quantity of surrounding STR's in the area) as well as percentage of landscaping and minimum parking requirements. 

Hey guys,My team and I put together a 5-Minute Deal Evaluator that helps people quickly underwrite deals in about 5 minutes! Connect with me if you want a copy! This thing is a gamechanger!

Plus, other routine tasks like transferring loans and providing payoffs were way more difficult with them than it should have been.