The table stakes are way too high right now for properties that most new STR owners are either overspending to keep up or missing the mark altogether.

TIARV Park AND Self Storage~4 acres, commercial for $120K (google maps link)Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on propertyCons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal reallySelf storage constructed probably out of shipping containers~3 acres, industrial for $135K (google maps link)Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loanCons: zoning does not allow for RV Park, city services unavailable

If you're not in the area and can't do this, maybe negotiate a flat fee.

Best,JacksonUsing ChatGPT-generated responses adds no value to a discussion of Colorado STRs but more importantly ... much of this is flat-out incorrect information.First off, it's laughable that "Breckenridge" would be proposed as an option for a first-time investor.

Your set in notion that all doing STR would not consider anything less, doing arbitrage, your flat wrong.

The forward treasury curve suggests that the Fed needs to decrease the fed funds rate 200-250 basis points from Sep-24 to Dec-25 for us treasury (and mortgage rates) to stay flat to where they are (i.e., us treasury (and mortgage rates) have already priced in future Fed expectations and mortgage rates will go up or down if the Fed cuts less or more than 200-250 basis points). 

@Greg Weik I think more expensive is dependent on rent amount since they charge a flat rate, right? 

Many of the software just flat won't work otherwise!

National vacancy rates have remained flat in the first half of 2024, following a 90-basis-point increase last year, with major metro areas showing particular resilience.

I am still working through finding a good lender, of the many i have talked to only one so far hasn't flat out told me no.