Now if you didn't have an HOA and it was in an area that was desirable for tourists and travelers, you could STR it and make more money, 2-3x at least.But no, sell it.

Just closed on a C5 zoned property in Colorado Springs on a major street less than a mile from downtown (currently going through growth explosion) and 1 mi to Old Colorado City hub (very popular tourist destination), and a 1200 sq ft commercial workshop(detached) that I can build out a second (interior floor).

Short-term rentals are a huge part of the game today n major tourist capitals, sure, but that doesn't mean the game has really changed all that much.

It is not in a tourist area, but wow!

It is not in a tourist area, but wow!

I was looking for a house within two hours of our primary residence in a tourist area in order to invest in a short-term rental.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Hot Springs.

Purchase price: $200,000

Cash invested: $96,000

Sale price: $400,000

This is a 5-unit MFH in Hot Springs, ...

Proof of registration for Broward County Tourist Development tax collection.

If you are searching on an area that is a tourist area you will find many of the local realtors Focus on this type property.

We wanted to buy another short term rental in more of a tourist area.