Final point, for those savvy investors or second-home buyers who can find the pockets of Colorado that do allow them, you're getting an STR in a market where competition is artificially capped.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

But there is hope... if you drive through the 4th ward area, you can clearly tell which properties are owned (single family homes with kept lawns and neatly decorated) and which properties are rentals (usually a broken window or two, falling apart porches, messy yards)... the closer to the single family-dense parts in the 4th ward, the better chance you have of getting a rental property that hasn't been laid to waste that you can purchase for a fairly cheap price. 

I do not like this as obviously if a business account is only accumulating rent from 1 property, it wouldn't accrue the cash in each as quickly as it would if all of the rents were funneled into one account.. and it makes paying the bills a bit of a pain on each of the properties as I am having things done to the properties, lawn care, etc.. constantly has me making owner investment deposits into each to cover initial expenses associated with the properties.. etc. 

I require a $1,000 security deposit, no exceptions and I let them know they will be paying all utilities, mowing the lawn, keeping up the landscaping and cleaning the gutter. 

Lack of user-friendly platforms to facilitate transactions could be artificially constraining the market.

They've been slow about getting issues taken care of, like setting up lawn mowing for my two duplexes.So in summary, financially it is what they are promising, but it's a mess.   

A tenant would be expected to do lawn and general cleanup.

I had to grade and level the entire property and plant new grass and it's now one of the prettiest lawns on the entire black.

For some the psychology of having no loan works - they still have the property tax (which is artificially low from Proposition 13) and insurance payments (which is increasing from wildfire risks and some major companies not taking on any new clients).