It's a great reminder that even in competitive markets, with the right strategy and mindset, there are ways to get in and succeed.

This is why most give up, and this is why most don't succeed.

Meaning, you're likely to never get a dime if you succeed. 

So my question is, Investors what attributes in your significant other helped you succeed or what holds you back?

Or one can avoid RE and look for other viable ways to succeed financially.  

However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.

We WANT YOU TO SUCCEED and bring more money to Detroit and keep the city's revival going.To that end, we ranked all Metro Detroit cities and City of Detroit Neighborhoods on our website.Let us know how else we can help you better understand the City of Detroit markets:)

You will have to work through all the salesmanship, but in the end, many posters love helping each other and love seeing other investors succeed. 

Scottsdale is one of the hardest STR markets to succeed in.

MTRs succeed when you reach out to relocation companies, hospital staffing agencies, etc., and build relationships there.