However, it's important to recognize that some income is better than none, particularly in today's challenging rental market where securing tenants can be difficult.Additionally, if you require assistance managing your property, I am affiliated with a property management company specializing in comprehensive services for long-term rentals.

Specially the ones that needs updates or renovation. 

Denver is an attractive metro for a few reasons, so I downloaded monthly price and rent growth at the zip code level from Zillow’s public housing data.I then used a ranking algorithm to sort the top 10 zip codes for investing based on monthly average price growth and monthly average rent growth (both by percent growth), from 2019-2024.

So, create status codes for both of these and a few in-between codes to help you work smarter, not harder.

Maybe also specialize in finding these deals.Also build a solid team.

.- Detailed City Stats: Includes ADR (Average Daily Rate), OCC (Occupancy Rate), and revenue by bedroom count across different zip codes, top performers for that zip and what luxury properties are earning.- Target Guest Persona: Developed based on guest traffic and behaviors, two most common guest types that travel to this market and what their likes and dislikes are.- Guest Feedback Analysis: Derived from guest reviews to pinpoint strengths and areas for improvement.- Amenities Overview: Shares % of most sought after amenities in each market- Design Trends: Trends observed in top-performing properties.- Top Property Links: Direct links to benchmark against leading properties in each marketLooking forward to your thoughts and suggestions! 

You can usually get the zoning destination with the property listing, then look that designation up in the town's zoning code to see which uses are allowed there.Basement habitation - There is a concern that limited egress, fire and CO are major risks to bedrooms and habitation in general of basements.

However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

I have one contact that specializes in luxury and another that is more for "average" STR's.

It really is something special and a bit of a hidden gem.