With the Political outlook in Denver/Littleton, I would look to other markets that would net more profit with less risk of changing restrictions.  

It is a great drive and we have driven it a bunch of times.I just wish there were less restrictions on STRs in so many areas.

Didn’t Lee Andrews explain state licensing restrictions to you and the value if his certificate?

I had also seen a year or so ago that the community wanted to put more restrictions and require a local contact, and limit on number of permits , but haven't seen anything more stringent since that proposal failed.If you can share your experience, I'd greatly appreciate it!

Downside is bad tenants, depreciating trailer if you don’t own the land, and restrictions if the park if the owned by someone else.

The right title agent/company is absolutely essential to the double closing process.You do want to be aware that some Fannie Mae REO's have deed restrictions to how long you have to hold the property to sell it over a certain amount.In my area, they put in a deed restriction that you can't resell within 90 days for more than 25% over the purchase price.

Go figureCalifornia is pretty restricted when it comes to ONLINE data from public and government sources.

There are several things you can look into @Nicholas Cavato, but you have to do the legwork.Having said that, I am betting that they will not be lifting any restrictions or caps anytime soon.

So the govt entities can't come in and change the laws to restrict or prohibit STRs from operating like they are in many other areas. 

Newer House with Debt: If you sell and buy the newer home, you’re essentially starting over with a new mortgage, and that $160/month in negative cash flow may restrict your ability to save and reinvest.