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

It's not always completely accurate, but in the worst case, you get the previous owner who won't hesitate to tell you all about the property and who they sold to.

And how is texas fourth worst?

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

But to mandate or regulate how a auto manufacturer sells there goods is insanity, at best, and I'd argue quazi-communist at worst. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Latchel is the worst. 

Calculate costs with conservative rent to understand your worst-case cash flow.

The “worst” appraisals I’ve seen (on a consistent basis) as to over valuation are on non operational health care facilities.  

Worst case scenario, maybe he had to pay a small amount which was covered by insurance.I look forward to hearing the answer.