I would prefer to buy something local to the Longmont CO area, but there are limited options, so I am open to out of state investing, but concerned about managing it.

And when we moved from our 3br condo to a SFH in Colorado Springs, we turned the 3br condo into an MTR as well.In between, we also partnered to buy a duplex in Colorado Springs and just recently a vacation rental/STR in Mexico, but this was years after that first one. 

Subject-To financing is not super common here, especially for condos/co-ops. 

I am a Real Estate investor in Colorado looking at doing something similar, I put together a syndication here to work on a development, starting next year to build tiny home neighborhoods in the local area.

I'm closing shortly on a $2M ground up new construction co-living concept (Class A), where the tenant base will be all on MTR leases from 30 days to 180 days+, targeting the demographics that you mentioned above. 

Lone Star Salt Co. v.

Say you are getting started co-hosting and will do it for free for the for 3-6 months.

I was recently looking at a property in a Colorado mountain town west of Colorado Springs. 

Frontier Airlines used to fly a straight shot from Denver, CO to Cancun.

I did not take up the offer because I have zero knowledge in construction wouldn't know if he made money off our own co-owned property right under my nose.