60% LTV is not that low, particularly in a higher rate environment where the debt service coverage requirement (cash flow) is now limiting LTVs to 60-70% in many cases anyway.Separately, should be able to get a commercial loan with a rate in the 6s.

The key to understand about STRs in CO is the regulatory environment - it is simultaneously the best part of investing here, and the worst.

Aloha,Poorly maintained tanks, and especially tanks in an environment that creates excessive condensation on the exterior of the tank, often drip onto the floor, damaging floorcoverings and underlying typical subfloors or hardwood flooring.

In our property, the house was open to the air in the damp environment of coastal Florida, no heat or A/C at the house.  

How did you get that in today's rate environment (25% or 30% down)?

I believe this market cycle is topping, and one should tread very carefully before investing more money into an 'unsure' property.That does NOT mean to stop investing; just make sure you aren't trying to catch a falling knife in an unsure environment. 

Sometimes it's age, increasing work on aging properties, or an increasingly unfriendly landlord environment (Hello CA!!!). 

Like many (most) small business owners especially in this high interest rate environment, we have to use make extensive use of our personal credit rather than using extremely expensive business credit.

And, due to the arid environment, property upkeep generally remains minimal, saving on both time and costs compared to areas with high weather impact.Moreover, the mid-term rental (MTR) market in Las Vegas presents a significant financial upside, often doubling the rental income compared to standard long-term leasing.

Arizona’s steady flow of out-of-state buyers and rental interest, along with its attractive tax environment, makes it a top choice for investors who prefer markets with minimal seasonal fluctuations.Southern California: Coastal Appeal with High DemandCalifornia as a whole can experience seasonality, especially in its northern regions.