I have a few friends that do MTRs in the Denver area and they are doing well. 

Well, how much is the lot for sale for?

Good potential for appreciation/rent growth upside as well in the next 5-10 years in my opinion with the market still being one of the most affordable in the country.

We also had a transient tax and municipality as well.

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

(And for other brothers who might need it as well, just dm me.)Best of luck, bro!

Hope that it works out well for you.

My wife and I thought we had an easy opportunity for a double (baseball analogy) with a flip home in Lakeland, TN we were able to get well below market this past summer.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

We have ownership in 3 STR properties on Beech Mtn as well as one in Blowing Rock.