Hey @Usman Khan, Here in Denver, CO we have that law and some people will find a co-host who lives there and the co-host obtains the STR license. 

I have house hacked 2 single family homes in Colorado Springs, moved out with both rentals cash-flowing very modest amounts annually, and am actively looking for the next property around Allentown, PA.My 2 options: Add to my portfolio and House Hack for the 3rd timeI know that house hacking will be the easiest barrier to entry around a big down payment, has the chance for a lower APR with a primary residence loan, and I am comfortable using this strategy as I have done it twice in the last 3 years.

Lastly, you can always add a co-signer like a family member or spouse.

@Brandon Chung college is the best time to do it, but you would get their parents as co-signers just in case they stop paying.

Good luck BTW HIRE a PM co, do not try and go it alone on your 1st investment, 

Hello all,I want to purchase a condo vacation home that I hopefully will be able to STR in CO.

I help with guests' communication, responding to inquiries, writing reviews, coordinating guests' check-in and check-out, and arranging cleaners for turnovers at far much lower prices.I'm new on Biggerpockets but I have experience working as a virtual co-host and I presently help to manage 2 properties in Atlanta, and they are doing great.

I am currently living in Colorado and have talked to some property managers down in San Antonio.

This way you can become a Co-Host. 

Rents will flatten and turn negative in markets with oversupply in MF housing (Denver, Austin, Vegas, Phoenix, etc.)4.