It was always....black swan event, interest rates never went this high, no one foresaw this, insurance and taxes are through the roof, not our fault.

I'm gonna go out on a limb and say the first-time investor isn't looking to spend $2M and be in the black $1,000/mo or more.Secondly, and most importantly, you can NOT get an STR in Breckenridge (or Keystone, another option in your response).

I am under contract on an A-Frame to STR in Black Mountain, NC (if it survived the storm) and I couldn't use the DSCR for STR because they messed up 2023 after crushing 2022 on Airbnb.I am at 30% down, 1.75 points, 6.875% with no prepayment penalties - $1,644/month.

A third friend of mine was looking on the web and saw some "deals" in Cape Coral. 

I live in Black Mountain, right outside Asheville.  

And behind the umbrella policy can be a complex web of corporations, LLCs, and trusts to protect you.Asset protection can get very complicated.

Dust and spider web all over the place, kitchen and oven was disgusting, somebody did their business in the toilet and it was still marks.

Interior - Recently redone black granite countertops in kitchen, but original cabinetry was simply painted white by previous owner with black accented handles.

I’m not sure if I can post a direct link but if you search the web for RI Real Estate Investor Group it should come right up.

https://www.biggerpockets.com/forums/921/topics/1106022-webs...