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.

Taking the time to plan and invest in quality materials or professional help usually pays off with fewer repairs and greater peace of mind.

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

The investor has to decide which ones they can live with and which ones are deal breakers to meet their goals and give them peace of mind.

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.  

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.

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

Instead, we decided to try a “cash-for-keys” approach, offering him financial assistance to peacefully vacate the property.My wife Shelly and I went to the property to speak with him in person.

It costs around $1,300 or so, and I believe (at least for me) the peace of mind that it is done 100% correctly is worth it. 

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.