CRE CLO is still regulated though.

I have spoken with an agent/PM in Detroit that somewhat scared me away from the Detroit market (eviction rate is currently 8% down from 20% 5 years ago and such a different environment that I'm familiar with).

Real estate agents are not highly regulated in Costa Rica as opposed to North America.  

I’m guessing that is because of your pessimistic view on the economy right now, but even if the markets dip temporarily, based on history, they will rebound to even higher points (I know just cause it’s happened before doesn’t guarantee it will happen again).Personally I have a successful business, but opted to diversify into real estate because my industry is heavily regulated and one change of a law could make me MUCH less profitable.

Ok, well now STRs are regulated in that city, and that same income approached value plummets since the home can only be rented as an LTR.

The government has regulated their hours of work to 24 hours a week rather than 40 hours.

Just make sure you account for Denver’s higher property taxes, insurance costs, and the ever changing landlord regulations when running your numbers.Feel free to ask more questions about the area or strategies—I’ve helped clients with similar goals and have personally done house hacks and short-term rentals around Boulder and Denver.

Make sure you know the regulations. 

Job Opportunities: The state's robust economy and business-friendly environment attract investors, but are other states catching up?

10% is not going to exist, 15% still does currently, but it will be very hard to make work considering the current environment.