I've owned LTRs and STRs and her book inspired me to get back to basic blocking and tackling.STRs are hot right now, but it really depends what your long term goals and are your time horizon. 

Whether you're "too late" to Denver depends on your horizon.

@Jeff Meachen I've been working on a hospitality exchange app called Horizon (think airbnb/couchsurfing with friends, friends of friends, and communities).

If vacancy is already ticking up, and rents are declining, this kills the thesis for most multifamily value-add with fixed 2-5 year time horizons. 

I have a possible situation on the horizon.

FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.

According to investopedia:-The average annual stock market return from 1928 to today is 9.82%-The average annual S&P return from the official S&P inception in 1957 to today is 10.15%-The average rate of inflation since the 1950s is ~3.5%So if you have a long enough horizon between now and retirement, I think it's safe to assume a return of around 9-10% and inflation around 3-4%.

There is already buzz in a couple of markets that people are starting to list their properties as they see massive losses on the horizon in the next few months to year. 

Tough to say what your time horizon is for a payoff if you don't have existing connections and units to work with. 

A lot is going to be on the horizon for me (Swan Enterprises) for sure :)