My main focus is understanding motels and their operational dynamics.If you’ve invested in or operated a property like this, I’d love to hear from you.

In Colorado it is mainly an appreciation market. $450k-$500k Purchase price you will have a chance to cash flow a few hundred bucks in Colorado Springs but it won't be much. 

Like @Russell Brazil said there are general things that need to be in place.One that stings a lot of people is the main entrance door.

The main issue is a consistent lack of effective management and oversight.

The main Real Estate one, On The Market, and BP Money are some of my favorites, but I also listen to the Rookie show when the topics are interesting. 

Here are some rules:  https://www.nerdwallet.com/article/investing/roth-ira-withdrawal-rules#:~:text=Contributions%20can%20be%20withdrawn%20from,made%20without%20taxes%20or%20penalties.I agree that you shouldn't let the tax implications be the main driver of your decisions, but you do want to be aware of the potential tax implications because Uncle Sam will want his money.

Once that happens you are in a different world.So I would get rid of the tenant, mainly because there have been 4 violations with the county your tenant has been served.

That's the reason why we sign leases in person, so we can go over the main issues in person and make sure they are understood. 

But that also depends on your down payment- putting only around 20-25% down is hard to have a profitable STVR.Ultimately with STR v LTR, I'd be mainly curious about your intended use of the property. 

Most (virtually all) are giving values below the main ppsf.