Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

The energy in the market is shifting, and we are anticipating that the January data reports, which will be released shortly, will reflect this momentum.The chart below shows the annual cycle of decreasing inventory in Q1 every year for the past 5 years.

If I am hearing you correctly, you are suggesting that I focus on the long term instead of short term cash flow. 

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

Buy and hold used as short term rental property.

So you are better off finding someone who wants to rean interest on their money and getting a promissory note signed and giving them a 10% interest rate and having them give you a 15k loan interés only for a 12-24 month period.

That's just life.We had a situation where one tenant had been living at our property for years with several other tenants below them over that time period. 

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

I'd say three months on the short end to six months on the long end.Oh!