There are LCOL cities with low crime rates and HCOL cities with high crime rates.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

I don't think your first property needs to be perfect, but doing the work in advance gives you the possibility of refi (in a good rate environment) or more equity on a HELOC.

So, Colorado vacation rentals will be taxed at something between the current residential tax rate of 6.7% and the commercial tax rate of 27.9%.

First thing I'd do is check comps to get an idea of the demand and rates you can charge for your condo as a MTR.

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

2. don't use an appreciation rate.

I understand they have a little bit higher interest rate, but what are the risks of DSCR loans?

Being owner occupied means getting the lowest interest rate, and a conventional or fha loan. 

I also wouldnt let your mom go into 2nd position on an investment property with any sort of restructuring; it doenst sound like she's in a position to risk being wiped out.Overall, though, if you want cashflow on the new property but cant achieve that after a refi into a market rate loan, it probably makes more sense to just flip it, pay off your heloc and your mom, and use the remaining capital for the next deal.