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.

Its a magnet for grifters and fools, and the "investing" equivilent of going to that crummy casino in National Lampoons Vegas Vacation (?)

Those incentives can be great opportunities  builder pain is  very regional and product type dictates..

@Genesis DuncanIowa, the Quad Cities region, Cleveland, Akron, and Dayton are all affordable markets with diverse economies and strong rental demand.

Through an established network, I hope to facilitate connections between buyers and key professionals such as lenders, tax advisors, attorneys, property managers, and contractors, ensuring a smooth and successful investment process to the best of my ability.If you're active in the Raleigh area or surrounding regions, I’d love to connect, learn from your experiences, and explore ways we might collaborate in the future.A bit about me if you're interested -Originally from Cleveland, OH with an established career in Casino Marketing.

If you are doing a low down payment strategy, have you identified any specific region in the Bay Area where the numbers work?

I'm interested in that region but know nothing of Penn Capital.

Opt for a property management company with deep regional expertise to get the most out of your investment.Property Expertise: Look for a firm that has experience managing properties similar to yours and is familiar with your asset class’s specific challenges.Company Culture: Choose a firm with a customer-focused culture that values team management and service, as this directly affects property performance.Market Reputation: Speak with local brokers and visit managed properties to get a sense of the company’s track record.By focusing on these factors, you can find a property management company that aligns with your goals and delivers real value.

Vermont is a STR region with a massive 4-6 month shoulder season.

Institutional investors are returning to the market, evidenced by increasing transaction volumes in July and August.Supply dynamics vary across regions, with markets like Chicago, Milwaukee, and Pittsburgh benefiting from limited inventory growth below 2%.